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06-11-2013

Engel: New EUR 950 Million Turnover Record

Engel’s management team (from left to right) Stefan Engleder (CTO), Gotthard Mayringer (CFO), Peter Neumann (CEO) und Christian Pum (CSO)  (figure: Engel)

Engel’s management team (from left to right) Stefan Engleder (CTO), Gotthard Mayringer (CFO), Peter Neumann (CEO) und Christian Pum (CSO) (figure: Engel)

Engel Austria GmbH, Schwertberg, Austria, set a new record in the 2012/2013 financial year by achieving a global turnover of EUR 950 million. This represents a 14% increase for the Group in comparison to the previous year and an overall increase of 165% since 2009/2010. Engel also expects further growth of about 5% each year for the next three years.

Engel was able to increase its market shares all over the world, and its strong commitment levels in Asia played a major role here. In the relevant Asian market (European and Japanese technology), the company now has a market share of 10%, in America, its market share is 18%, and in Europe the company has managed to increase this figure from 27% to 30% in just three years.

Technologically, energy-optimised machine concepts, integrated and automated system solutions, and industry-specific developments are contributing to this growth more than anything else. Thanks to its servo-hydraulic system, ecodrive, for example, Engel was able to significantly increase its market shares in the very competitive market segment of medium-sized injection molding machines alone in 2012/2013. More than half of all the company’s hydraulic machines are now equipped with ecodrive.

As far as its target industries are concerned, Engel has seen the greatest growth in the automotive and packaging sectors. Engel’s packaging market share is now over 20%. The proportion of system solutions with automation included is rising across all industries, and Engel is benefiting from this trend considerably as well. About 50% of all automated manufacturing cells supplied by European injection molding machine manufacturers are made by Engel.

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