With reported sales close to 6% higher than in 2017, the year 2018 was, said Michael Wittmann, Managing Director and CEO of the Wittmann Group extremely ‘satisfactory’. He warned, however, that by the end of the year, the order situation had started exhibiting the first signs of slowing down. While on the whole, the company started the fiscal year 2019 with a good order backlog, the industry was nonetheless showing more reluctance to invest. It did not come as a surprise, apparently.
“We were fully aware of the fact that the incredible succession of record results over the last 10 years would eventually come to an end,” Michael Wittmann stressed.
The year 2019 started for the Group with an order income on a par with 2016, and “we expect that the year 2019 will continue on the current level,” he said.
The year 2018 was also marked by expansion: the Wittmann Group not only saw the number of employees grow to 2,415, it added 2,200 m² to its production area in Kottingbrunn, in addition to office space and a new R&D lab. Next to expanding the facilities in Nuremburg, the Czech Republic, Mexico and Italy, a new and larger building in France was completed.
Technological advances were also made: the Group acquired a stake in the Italian MES producer ICE-flex, securing the know-how needed for a further smooth integration of 4.0 technologies into the TEMI+ MES program. The year also saw the introduction of the new VPower vertical machine model; a selection of new robots were added to the programme as well as the new S-Max screenless granulator.