Top News > Würth – Würth Group sales in the 2024 fiscal year almost at previous year’s level

Würth – Würth Group sales in the 2024 fiscal year almost at previous year’s level

May 7, 2025
WURTH

The Würth Group, global market leader in the development, production, and sale of assembly and fastening materials, closed a very challenging 2024 fiscal year reporting sales of EUR 20.2 billion (2023: EUR 20.4 billion). 

 

Adjusted for currencies, this corresponds to a decline of 0.3 percent. At EUR 940 million, the operating result was down on the previous year (2023: EUR 1,455 million), yet it is still the fourth-highest result in the Group’s history. 

 

Given the economic conditions in the past fiscal year and the resulting implications, we are pleased with the result we have achieved.

Robert Friedmann, Chairman of the Central Management Board of the Würth Group

 

Apart from cost increases, the weak economy in the manufacturing industry also had an impact on the Group’s business development. The result was further burdened by high investments and the resulting depreciation and amortization. However, investments are important for the future growth of the Würth Group. The Group invested EUR 1.2 billion, primarily in its IT infrastructure and warehouse capacities of its distribution companies, as well as in production buildings, technical equipment, and machinery for the production companies.

In Germany, the Würth Group generated sales of almost EUR 8 billion in 2024 (-3.9 percent). Accounting for 39 percent of sales, Germany is the most important individual market for the Würth Group. Outside Germany, the Würth Group’s sales grew slightly by 1.2 percent compared to the previous year. Southern Europe, the Group’s second most important market, deserves special mention, reporting growth of 3.8 percent to more than EUR 3.1 billion. This growth was strongly influenced by the acquisition of the electrical wholesaler IDG 01 S.p.A. based in western Italy. Southern Europe contributes a share of 15.5 percent to the Group’s total sales volume. In the Würth Group’s core business, the Würth Line’s Craft divisions developed satisfactorily, reporting sales at the previous year’s level, which was primarily driven by growth in the Auto (+3.3 percent) and Wood (+2.0 percent) divisions. At the Allied Companies, especially the Electrical Wholesale unit, boosted by acquisitions in Poland and Italy (+8.1 percent), and the companies in the Chemicals unit (+11.7 percent) contributed to sales growth.

Würth Campus in Künzelsau-Gaisbach

© Würth / Tim Seidl

 

6 kilometers of conveyor technology in the logistics expansion

© Würth / Peter Petter

 

The Würth Group gained a total of 1,346 new employees through acquisitions in the 2024 fiscal year and employed 88,393 people at the end of the year. Around 44,900 of these employees work in the sales force.

The equity of the Würth Group rose by 5.4 percent to EUR 9.2 billion (2023: EUR 8.8 billion) and forms the basis for the Group’s financial stability. The rating agency S&P Global once again confirmed the Würth Group’s A/outlook stable rating in June 2024.

Recently, the 2025 economic growth forecasts for Germany were reduced significantly. According to German economic research institution Ifo Institute, the German gross domestic product is unlikely to increase by more than 0.1 percent. The International Monetary Fund (IMF) expects the global economy to grow at 2.8 percent, clearly below what was expected in January 2025. 

“According to experts, the outlook for growth in the 2025 fiscal year is bleak. Nevertheless, we see the good development of the companies in the Chemicals unit, which were able to build on the previous year’s success in the first quarter of 2025, as a ray of hope for 2025,” said Friedmann. 

 

The eiSos Group, one of the largest European manufacturers of passive electronic and electromechanical components, is currently reporting an increase in incoming orders, especially in Asia and North America. 

“The eiSos Group is one of the trend indicators of the Würth Group. Already in the first quarter of 2025, incoming orders rose at an above-average rate. This makes us optimistic that the European market will follow suit.”

 

Our top priority is securing the Würth Group’s long-term success based on healthy and sustainable growth. We can count on the partnership with our more than four million customers worldwide and benefit from the support of the Würth family. In addition, the Group’s heterogeneous structure across different industries and regions as well as our business model provide us with the necessary stability.

Robert Friedmann, Chairman of the Central Management Board of the Würth Group

 

SourceWürth

EMR Analysis

More information on Würth Group: See the full profile on EMR Executive Services

More information on Sebastian Würth (Chairman, Advisory Board, Würth Group): See the full profile on EMR Executive Services

More information on Robert Friedmann (Chairman of the Central Managing Board, Würth Group): See the full profile on EMR Executive Services 

More information on Ralf Schaich (Member of the Central Managing Board, Würth Group + Executive Vice President, Chief Financial Officer and Human Resources, Würth Group): See the full profile on EMR Executive Services 

More information on Rainer Bürkert (Member of the Central Managing Board, Würth Group + Executive Vice President, Würth Line Industry (excl. USA), Würth Group): See the full profile on EMR Executive Services 

More information on Norbert Heckmann (Chairman of the Management, Adolf Würth GmbH & Co. KG, Würth Group + Member of the Central Managing Board, Würth Group + Executive Vice President, Würth Line Craft Europe, Würth Group): See the full profile on EMR Executive Services

More information on Bernd Herrmann (Member of the Central Managing Board, Würth Group + Executive Vice President, IT, E-Business and Logistics, Würth Group): See the full profile on EMR Executive Services 

More information on Thomas J. O’Neill (Member of the Central Managing Board, Würth Group + Executive Vice President, Würth Line Craft North America, Würth Group): See the full profile on EMR Executive Services

More information on Dr. Reiner Specht (Member of the Central Managing Board, Würth Group + Executive Vice President, Würth Line Craft Asia, South America, Africa and Oceania, Würth Group): See the full profile on EMR Executive Services

 

More information on IDG01 S.p.A. by W.EG by Würth Group: https://www.idg01.com/ + IDG 01 SpA was born from the union of two historic brands in the electrical supplies market: IDG SpA founded in Alba in 1980 on the initiative of Giancarlo Caraglio and Elettrogruppo ZeroUno, a group born with this name in 2001 but with roots since 1964, first FEM then in followed by FemZuccheri.

The company operates in an important area that spans multiple regions, Piedmont, Lombardy and Liguria, with the presence of over 40 points of sale. The modern internal structure, the efficient organization, the services, the products and a sales network made up of agents and branches present in a widespread manner throughout the territory, allows us to have leadership in the Piedmontese market.

The mission of IDG 01 SpA consists in consolidating and growing by investing in efficiency, organisation, the professionalism of collaborators, innovation, leveraging corporate values ​​such as dynamism, certainty, passion and group. The new reality is in fact made up of specialists able to provide technical support, carry out inspections, and satisfy every need in all areas of expertise: equipment, industrial automation and technologies, cables, air conditioning, photovoltaics, technical and decorative lighting for interiors and exteriors and industrial lighting, control panels, security, thermo-hydraulics.

  • 9 Divisions (Equipment, Automation, Cables, Air-Conditioning, Photovoltaic, Lighting, Paintings, Safety, Thermo-hydraulics)
  • Over 40 Stores and 2 logistics hubs on 3 regions.

Würth Electrical Wholesale Group (W.EG) expanded its footprint by entering into a strategic partnership (controlling interest) with IDG01 S.p.A. in Turin, the leading electrical wholesaler in the Piedmont region. In 2023, the company generated sales of EUR 285 million with more than 580 employees and 41 stores. 

More information on Paolo Caraglio (Chief Executive Officer & Chairman, IDG01 S.p.A., W.EG, Würth Group): See the full profile on EMR Executive Services  

 

More information on Würth Elektronik eiSos Group by Würth: https://www.we-online.com/en + The Würth Elektronik Group of Companies, founded in Niedernhall, Baden-Württemberg, employs around 7,500 people worldwide and in 2024 generated sales of €1.02 Billion (preliminary).

The Würth Elektronik Group activities span the globe with three business units in international markets and with 23 production sites worldwide. This makes Würth Elektronik one of the most successful companies within the Würth Group.

The joint umbrella brand extends across a broad portfolio of services, competencies and a corporate culture we live and breathe. The hallmarks of our groups services are highest levels of strong team spirit, both internally and externally, customer proximity, services and quality. “more than you expect”, is our claim that we’re committed to fulfil within the Würth Elektronik Group of Companies. With great passion, every single day as well as heading into the future.

More information on Thomas Garz (Chief Executive Officer, Würth Elektronik eiSos Group, Würth Group + Executive Vice President, Würth Group): See the full profile on EMR Executive Services

 

 

 

 

 

 

 

 

EMR Additional Financial Notes: