The Würth Group, global market leader in the development, production, and sale of assembly and fastening materials, closed the year 2024 reporting sales of EUR 20.2 billion according to its preliminary annual financial statements. This corresponds to a year-over-year decrease of 0.9 percent and 0.4 percent when adjusted for currency effects. As a result of the lower sales volume and higher costs, the Group’s preliminary operating result stands at EUR 900 million, which is below the previous year. Nevertheless, we expect the Group’s 2024 consolidated financial statements to show an increase in equity to EUR 9.2 billion (31 December 2023: EUR 8.8 billion).

The persistently weak economic situation, particularly in the manufacturing industry, had a major impact on the Würth Group’s sales development. “Given the economic and political conditions, I am pleased to report that the Würth Group was able to maintain its sales level of EUR 20 billion,” says Robert Friedmann, Chairman of the Central Management Board of the Würth Group. This development was primarily driven by the trade-related areas, which showed a stable sales trend.

“In 2024, we stuck to our countercyclical strategy and invested when others scaled back. Our focus is on keeping goods available and maintaining our delivery readiness for our more than four million customers worldwide,” Friedmann said. In Germany, the Würth Group’s domestic market, the Group companies generated sales of EUR 8.0 billion (–4.1 percent). The companies outside Germany were able to achieve slight sales growth due to acquisitions, among other things. The regions Southern Europe, Eastern Europe, and South America deserve special mention.

Currently, the Würth Group has 88,393 employees worldwide, with 44,900 employees working in sales. Around 1,900 employees joined the company through acquisitions. S&P Global Ratings once again confirmed the Würth Group’s ‘A/outlook stable’ rating in June 2024 and thus its sound financial footing.

About the Würth Group

The Würth Group is the global market leader in the development, production, and sale of assembly and fastening materials. Other trading and production companies, the Allied Companies, operate in related business areas, ranging from electrical wholesaling and electronics to financial services. The Group currently employs more than 88,000 employees in over 400 companies with more than 2,800 shops across 80 countries. According to its preliminary annual financial statements, the Group generated sales of EUR 20.2 billion in the 2024 fiscal year. With over 8,000 employees, Adolf Würth GmbH & Co. KG in Künzelsau is the largest single company in the Würth Group.

Source: Würth Group