The Würth Group reported sales of €10.2 billion (US$10.81 billion) in the first half of 2024, which corresponds to a year-over-year decrease of 3.2%, and a minus of 2.6% adjusted for currencies, Fastener + Fixing reports.

The sales volume generated by the German companies of the Würth Group amounted to €4 billion compared to €4.2 billion in the same period last year, with companies outside Germany reporting a slight drop in sales of 1.8% year-over-year. Within Würth Group’s core business, the Auto Division reported positive growth of 4.2%.

At €525 million, the operating result of the Würth Group is down year-over-year (2023: €680 million) as a result of the lower sales volume in the first half of the year, according to Fastener + Fixing.

Over the past twelve months, the Group has also created over 300 jobs in the fields of digitalization and IT. Currently, the Würth Group has 88,616 employees worldwide, with 44,437 employees working in sales. Around 1,200 employees joined the company through acquisitions.

“Our sales development continues to be strongly influenced by the economic situation, which is particularly noticeable in the manufacturing units that supply to the automotive industry, for example,” stated central managing board chairman Robert Friedmann.

“Nevertheless we are sticking to our countercyclical strategy: We invest when others scale back. We are continuing to expand our sales activities across all channels such as the sales force, shops, and eBusiness, while also investing in IT and promoting digitalization.” Web: wurth.com