Engel, a turnkey solutions for injection moulding has reported a turn-over of 1.7 billion euros for FY 2022/23. The company has hit the highest turnover in the group’s history.
Stefan Engleder, CEO of the Engel Group said, “We have closed at 1.7 billion euros, and have reached the highest turnover in the company’s history. Business segments of automotive, medical, packaging, and technical moulding contributed to this growth.”
In North America and Europe, investments were made to meet the continuing high demand for products used in diabetes therapy.
In contrast, the trend towards sustainable packaging concepts was mainly affecting Europe. Investments in logistics applications are still at a high level and the automotive industry has been the strongest driver of our success over the last fiscal year. This sector has proven to have a significant impact on economic growth, especially in Asia and North- and South America.
Engel boasts to be prepared for the fiscal year ahead. “As we have already demonstrated in the past, we can adjust fast to changes in the business environment and absorb their impact. We are confident that by consistently following our strategic goal to drive innovations and be an industry leader, we have set ourselves up for success in the upcoming year,” added Engleder.