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ifm reaches the billion-euro mark in sales

July 31, 2020 / ifm

Despite ongoing international trade disputes, the specialist for innovative automation and digitalisation technology was able to significantly increase sales again in 2019, recording a year-over-year growth of 5.5% at the end of the year. With a group turnover revenue of 1.0 billion euros, the ifm group hit the magic sales mark for the first time in its 50-year history. Major growth drivers were the markets in North and South America and China. "Thanks to good growth in the food and mobile machinery sectors, we were able to cushion the sharp downturn in the global automotive and associated mechanical engineering industry." The preliminary operating result (EBIT) was maintained at a solid level of 5.6% (previous year: 7.7%) despite the dynamic course of business. "This result demonstrates the sustained profitability of our business model," said Rosenberg.