The Würth Group, Kunzelsau, Germany, a supplier of assembly and fastening materials, reported sales for its fiscal 2022 year, EUR 19.95 billion, were up 16.9% from the prior year.
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Sales in Germany increased to EUR 7.85 billion, up 13.1% from the prior year. Sales outside of Germany generated EUR 12.10 billion, up 19.6% from the prior year.
The Electrical Wholesale unit increased by 25% from the prior year, with the Electronics Group growing 22.5% in sales from the prior year. The Industry division of Würth reported a sales growth of 20.1% from the prior year, and e-business sales grew by 21.2% compared with the prior year.
“We are operating in difficult economic and political conditions: The war in Ukraine, material and supply shortages and price increases continue to be challenging,” said Robert Friedmann, Chairman of the Central Management Board of the Würth Group. “I would therefore like to thank our more than 4 million customers worldwide for their trust in our services and our suppliers for their cooperative partnership. At the same time, we can rely on the strength of our corporate culture, the solidarity of all employees and, of course, the support of a family business in times of crisis. This gives us the necessary stability.”
