Würth Group: Easy hope despite the decline in profits and job cuts!

Würth Group: Easy hope despite the decline in profits and job cuts!

Künzelsau, Deutschland - The Würth Group, a heavyweight from Künzelsau, recently published its figures for the first half of 2023. With sales of 10.4 billion euros, the company can see an increase of 2.2 percent compared to the previous year. But the profit fell to 475 million euros, which corresponds to a decline of 9.5 percent. This negative development can be attributed to higher personnel and freight costs, such as [SWR] (https://www.swr.de/swraktuell/baden-wuerttemberg/heilbronn/wuerth-kuenzelsau-kjahrsahlt-leichte-leicht- Neue-neue-Bundes-wirtschaft-wirtschaft-wirtschaft-wirtschaft-wirtschaft-wirtschaft-wirtschaft-wirtschaft-wirtschaft-wirtschaft-wirtschaft-wirtschaft-wirtschaft-wirtschaft-wirtschaft-wirtschafts-

Currently Würth employs 87,198 employees, which means a decline of almost two percent. The vacancies that have become vacant remained vacant, with one exception: 321 new employees were hired in the IT area. The owner family has also agreed to do without corporate profits to secure jobs.

outlook for the future

Robert Friedmann, head of the Würth Group, is optimistic and interprets the increasing order inputs at the subsidiary Eisos, which was able to increase an increase of around 30 percent in the second quarter, as a positive signal. Even if optimism is damped, he hopes for positive effects from the federal government's multi -billion dollar investment package. The construction economy has so far not got going, but growth in the construction industry is forecast for 2026.

For the current financial year 2025, Würth is once again aiming for sales of over 20 billion euros, while sales of 20.2 billion euros are expected for 2024, which corresponds to almost the previous year's level, such as [Würth] (https://news.wuerth.com/de/mutset-der-wuerth-gruppe-im-schaftsjahr-2024-Abenzu-auf-lahr year level/). According to those responsible, the drop in profits in the amount of around 500 million euros is due to increased costs and a weak economy in the processing industry.

market developments and global views

A look at the overall economic situation shows that the German gross domestic product has grown by 0.4 percent in the first quarter of 2025 price, calendar and seasonally adjusted. Growth impulses came above all through foreign trade and increased public and private building investments, as the [Federal Ministry of Economics] (https://www.bundeswirtschaftsministerium.de/redaction/de/dossier/kommelle-und-und- and-wachstum.html). Despite a positive trend, the economic outlook remains reserved due to trade policy uncertainties.

The positive picture is clouded by different moods. While consumer mood improved in June, the shopping manager index for industry shows a decline under 50 points. This indicates uncertainties that the Würth Group also feels in the global market.

Overall, the Würth Group remains a strong company in exciting times, which is aware of the challenges and at the same time actively tackles the opportunities for future growth.