The Würth Group reported annual sales of more than EUR 20 billion for the first time in its corporate history. Sales grew 2.4% in 2023.

“We were able to double our sales volume over the past nine years,” said Robert Friedmann, chairman of Würth’s central management board.

However, international conflicts and inflation cut into demand.

“In addition to the ongoing conflict between China, Taiwan, and the US, the wars in Ukraine and the Middle East, inflation-driven cost increases, especially for energy and raw materials, and high lending rates that hampered demand in the construction industry also had a negative impact,” the group stated.

Würth companies in Germany reported sales grew 5.6% to EUR 8.3 billion. The companies outside Germany reported sales of EUR 12.1 billion (0.3%).

In Italy, the Würth Electrical Wholesale Group (W.EG) expanded its footprint through a partnership (controlling interest) with IDG01 S.p.A. in Turin, the leading electrical wholesaler in the Piedmont region. In 2023, the company generated sales of EUR 285 million with more than 580 employees and 41 stores. Products include lighting, building automation, low-voltage power distribution and control systems, renewable energy systems, cables and industrial automation products.

With growth of 10.4%, e-business sales rose to EUR 4.6 billion, while the share of e-business sales in total sales increased to 22.4%.

During 2023, Würth hired 1,410 new employees, bringing its workforce total to 87,047 people, including 43,967 in sales. Web: wurth.com