Endress+Hauser 2024 Performance Overview: Steady Growth and Strategic Investment
In 2024, Endress+Hauser achieved positive results in a challenging global environment. The measurement technology and automation solutions specialist increased sales, created new jobs, invested a record amount, and maintained profit stability. The group expects that the expansion of its gas analysis and flow measurement technology portfolio will bring further growth momentum.
At the annual media conference in Reinach, Switzerland, CEO Dr. Peter Selders said: "2024 was a year full of difficult challenges. Endress+Hauser did not meet its expected targets, but the company maintained good momentum and made breakthrough progress in several areas."
Endress+Hauser Group Executive Board (from left): Chief Financial Officer Dr. Luc Schultheiss, Chief Executive Officer Dr. Peter Selders, General Counsel Dr. Heiner Zehntner, Chief Sales Officer Laurent Mulley, Chief Operating Officer Dr. Andreas Mayr, and Chief Information Officer Pieter de Koning.
Financial Performance and Regional Market Analysis
Net Sales and Growth Engines
Group net sales reached 3.744 billion euros, up 0.7%. Excluding currency effects, organic growth was 1.3%. Chief Financial Officer Dr. Luc Schultheiss noted: "We had been expecting an economic recovery in the second half, but the strength was less than expected." Sales performance declined in the three major markets of the United States, China, and Germany, but this was effectively offset by the performance of other small and medium-sized sales centers worldwide, which became new engines of growth.
Mixed Regional Performance
Regional market performance varied significantly, as shown in the following table:
| Region | Sales Change | Main Influencing Factors |
|---|---|---|
| Europe | -0.9% | Sales declined in Germany, but Italy, France, and the UK performed well |
| Asia | -1.9% | Sales declined in China, but India and Japan grew well |
| Americas | +4.2% | Growth in Canada, Argentina, and Brazil; the US contributed little |
| Africa and Middle East | +13.3% | Strong growth |
Employee Development and Global Investment Layout
Continued Increase in Employees and Trainees
In the past fiscal year, the group added 514 jobs worldwide. By the end of 2024, the total number of employees reached 17,046, with most new positions in production. New vocational training positions also increased significantly, with a total of 636 young talents in internships at Endress+Hauser, including apprentices, dual-study program students, and university students. The group raised its trainee ratio to 3.7%, with a target of 5%.
In 2024, Endress+Hauser created more than 500 new jobs worldwide. By the end of the year, the group had 17,046 employees.
Investment Footprint Across the Globe
Endress+Hauser spent 349.3 million euros on new office buildings, equipment, and IT services, a record high. The group built a new production plant at its campus in Chhatrapati Sambhajinagar (formerly Aurangabad), India, constructed a guesthouse in Arlesheim, Switzerland, and built new regional logistics centers in China and India. Total investment in ongoing projects exceeds 550 million euros, with the Maulburg production plant in Germany being the largest project.
Endress+Hauser invested 349.3 million euros in new buildings, systems, and IT, more than ever before. For example, a new production building was put into operation at the company campus in Chhatrapati Sambhajinagar (formerly Aurangabad), India.
Technological Innovation and Sustainable Development
Technological Innovation Serving Customers
In 2024, a total of 81 new Endress+Hauser products were successfully launched. "Innovation is the core driving force for maintaining technological leadership," said Group CEO Dr. Peter Selders. Last year, the group filed 285 new patents worldwide, fully demonstrating its leading technological strength. The group's R&D spending totaled 275.6 million euros, up 3.0% year-on-year, accounting for 7.4% of sales.
At Endress+Hauser, innovation comes from collaboration. Last year, the company launched 81 new products to the market and filed 285 patents.
Sustainable Development
The group continued to expand investment and added several jobs, but still ensured considerable profit, achieving net profit of 407.9 million euros, down only 0.2% from the previous year, equivalent to a 14.1% return on sales. "Achieving commercial success is the foundation for us to further promote the company's sustainable development," emphasized Dr. Selders.
In the 2024 EcoVadis sustainability assessment, the Endress+Hauser Group scored 78 points out of 100, its highest ever. It ranked in the top 5% among nearly 130,000 participating companies worldwide and received gold certification.
In the EcoVadis sustainability rating, Endress+Hauser received 78 points out of 100, ranking in the top 5% among about 130,000 companies.
Strategic Cooperation and Future Outlook
New Application Areas and Future Markets
The group established a strategic partnership with sensor manufacturer SICK, cooperating in the field of process automation and expanding and improving its gas analysis and flow measurement technology portfolio. Endress+Hauser is committed to providing better support services to customers, helping improve plant operational efficiency, protect the environment, and reduce carbon footprint. "Endress+Hauser is fully expanding its market footprint. We are exploring new application areas and opening up future markets," said Matthias Altendorf, Chairman of the Group Supervisory Board.
Under the cooperation agreement signed by both parties, nearly 800 SICK sales and service experts transferred to the Endress+Hauser Group. The newly established joint venture Endress+Hauser SICK GmbH+Co. KG is responsible for the production and further development of gas analysis and flow measurement products, with each party holding 50% of the shares, and about 730 employees working in five production plants in Germany. Selders believes the strategic partnership is far-reaching for the group, and that working together can bring new opportunities for business growth and expansion: "When people work together, they can move mountains. The cooperation between the two parties is 1+1 > 2 and will certainly lead us to greater success."
Smooth Management Transition
"The group's senior management changes and the shareholder family's generational succession have both transitioned smoothly," said Matthias Altendorf. After serving as Group CEO for 10 years, Mr. Matthias Altendorf officially took over as Chairman of the Supervisory Board in early 2024. Mr. Steven Endress and Ms. Sandra Genge are grandchildren of the company founder and represent the family's interests on the Supervisory Board. Dr. Klaus Endress is Chairman of the Family Council and an important link between the family and the group company.
Dr. Peter Selders has served as CEO of the Endress+Hauser Group since 2024.
Supervisory Board Chairman Matthias Altendorf and CEO Dr. Peter Selders form the leadership team of the Endress+Hauser Group.
Meeting Challenges
Currently, there are many uncertainties in politics, society, and technology, and the CEO expects the economic environment to remain volatile. In 2025, the group aims to achieve mid-single-digit percentage sales growth and maintain stable profits. Dr. Selders believes that in the face of current challenges, the family business is well prepared: "We are full of confidence in the future, and we have a firm grasp on the current changes."
Endress+Hauser is a full-service provider in process and laboratory measurement and automation technology.
Endress+Hauser can support the sustainable transformation of the process industry through measuring instruments and analytical technology.
Endress+Hauser strengthens its commitment to global youth training.
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