ENGEL reports a €1.7 billion turnover for FY 2022/23. The company has hit the highest turnover in the group’s history.
Turnover increased by 13%
ENGEL surpassed last year’s turnover of €1.5 billion by 13%. “Closing at €1.7 billion, we reached the highest turnover in the company’s history,” Stefan Engleder, CEO of the ENGEL Group, said.
In North America and Europe, investments were made, for example, to meet the continuing high demand for products used in Diabetes therapy. In contrast, the trend towards sustainable packaging concepts was mainly affecting Europe. Investments in logistics applications are still at a high level. This sector has proven to have an impact on economic growth, especially in Asia and North- and South America.
Set up for a successful future
“As we have already demonstrated in the past, we can adjust fast to changes in the business environment and absorb their impact. We are confident that by consistently following our strategic goal to drive innovations and be an industry leader, we have set ourselves up for success in the upcoming year,” says Engleder.