ifm presents 2018 results: stable growth

• Turnover increases by 8.7 percent to 943 million euros
• EBITDA stable at 11.8 percent despite currency effects
• Workforce increases to about 7,300 employees

With a sales increase of 8.7 percent, the ifm group once again closed the year 2018 very successfully. "We had an extremely good start at the beginning of 2018. In the second half of the year growth stabilised at a somewhat lower level. All in all, we are satisfied with the elapsed financial year", comments Christoph von Rosenberg, CFO of the ifm group, the business figures.

The specialist for innovative automation and digitalisation technology has thus achieved a significant growth for the ninth year in succession. Business developments in the markets of Northwest and Southwest Europe as well as North America are particularly positive. The growth is spread across all product areas to a similar extent, which contributes to sustained stability. "Despite negative currency effects, we were able to keep the result stable compared to last year," says Christoph von Rosenberg with satisfaction. Furthermore, the total number of active customers also increased last year and is now at a new record level with over 164,000 buying customers.

The positive development of the business figures is also reflected in the workforce that increased to about 7,300 employees worldwide in 2019. For the current year ifm expects a continued stable sales growth in the high single-digit percentage range. "Despite the challenges in Asia, Germany, Great Britain and Southern Europe," says Christoph von Rosenberg , "we have set the course to ensure further growth." If the plans are fulfilled, the total turnover of the ifm group will exceed the 1 billion euro mark for the first time towards the end of the financial year 2019.