PROFITABLE GROWTH FOR THE LAPP GROUP
The Lapp Group reported significant growth in turnover in the last financial year 2014/2015 (1 October 2014 to 30 September 2015). After two years of low turnover development, turnover in the last financial year increased by 8.1 per cent to € 886 million.
Andreas Lapp, Chairman of the Board at Lapp Holding AG in Stuttgart, announced at the press conference presenting results on 01.03.2016: "We have essentially achieved our objectives and further expanded our market position". Although the German engineering association VDMA had predicted zero growth for machinery and plant engineering - Lapp Group's most important market - we succeeded in clearly setting ourselves apart from the general trend in 2015. We are better than the industry average." Lapp has therefore managed to clearly separate itself from the mixed development and deteriorating economic situation in important markets. Initiatives in the sales area, activities in the infrastructure segment, the system business and the consistent acquisition of new market segments particularly contributed to this.
Outstanding innovations & examples of application
- The ÖLFLEX® CONNECT SERVO is a new generation of servo assemblies, available worldwide, which improves the connection solutions for electrical drives and makes them more efficient.
- Lapp has also developed a range of connection solutions specially tailored for the food and beverage industry. These include especially resistant cables and conduits, cable glands, connectors and accessories such as cable ties. The components meet strict international requirements, such as EHEDG design specifications or compatibility with ECOLAB® cleaning agents.
- At Expo 2015 in Milan, visitors could marvel at the solar trees as they generated energy in the German pavilion. They integrated organic photovoltaics (OPV) technology and, unlike conventional solar modules, are made from flexible, film-integrated OPV modules. The revolutionary connection technology in this installation came from Lapp.
Positive outlook for the current financial year
The Lapp Group has made a good start to the current financial year, with the company expecting moderate revenue growth. Andreas Lapp: "We are expecting important impulses from Asia and America in particular, as well as from Central Europe. However, volatility in currency exchange rates and the price of copper could affect growth."