Germany-based technology leader for fans and motors, ebm-papst Group, is remaining on course for global growth.
At the close of the fiscal year on March 31, 2017, the family-owned company posted revenues amounting to €1.901 billion. Compared to the previous year, which saw revenues of €1.680 billion, ebm-papst’s growth of 13.2 per cent was considerably higher than the industry average, fortifying its leading position. The company’s growth is also reflected in personnel development and expansion. On March 31 this year, ebm-papst Group had 14,398 employees, an increase of 1,853 from 2016.
As Stefan Brandl, chairman of the board of directors of ebm-papst Group, explained: “During the last fiscal year, we managed to strengthen our leading position, create plenty of new jobs and post the highest revenues in the history of ebm-papst. With record investments in Germany and abroad, we are generating the capacity that will allow the Group to remain on its course of healthy growth.”
In the current fiscal year, April 1, 2017 to March 31, 2018, ebm-papst invests €164.2 million worldwide. In Germany alone, investments have been made in a development centre at the company's Mulfingen site, in the expansion of the automotive production facilities in Herbolzheim, and in new facilities at the transmission plant in Lauf.
By implementing the group-wide ‘one ebm-papst’ strategy, the technology leader has paved the way for maintaining its position in the market for fans and motors in the long-term. Mr Brandl commented: “We are successful now, and we have implemented the ‘one ebm-papst’ strategy to keep our corporation fit for the future. We want to become faster and more agile, and develop into a more flexible organization.” He continued: “Growing together as a group is key, but we still want to retain the level of decentralisation supporting our success.”
For the current fiscal year, ebm-papst Group plans a moderate growth in revenue of 3.1 per cent to €1.960 billion. The Group will allocate around €112 million to research and development in order to expand its aerodynamics/acoustics and digitalisation and to drive technology competence. In the course of this, ebm-papst Group is also pushing the establishment and expansion of startups in locations which include Osnabrück and Dortmund.