Editor’s pickWeinig 2017 revenue to hit EUR471Mn, buoyed by 'successful LIGNA'
The Weinig Group stand was a hive of activity on all five days of the trade fair
As LIGNA drew to a close, the Weinig Group announced a successful five-day show that raked in orders worth EUR47 million.
Visitors from 90 countries filled the Weinig stand at LIGNA, of which eight per cent were new customers, proving a very successful trade fair for the German woodworking machinery maker.
Under the motto “THINK WEINIG”, Weinig shared the 4,000 m2 stand with panel specialists Holz-Her for the first time.
The new W4.0 digital standard which addresses the challenges of networked production received a lot of interest. Linked production line demonstrations at the booth helped demonstrate solutions for the entire value chain.
The prize draw for the Cube Plus four-sider was also popular. More than 2,500 entries were received and the prize eventually went to Tomaseth Treppenbau from Kastelruth in Italy.
Weinig Chairman of the Supervisory Board Thomas Bach (third from right) learns about the highlights of LIGNA, with Wolfgang Pöschl, CEO.
Weinig ended FY2016 with extraordinary results. Order inflow rose by 16 per cent compared to the previous year. The trend has continued into 2017 with end-April orders reflecting a 17 per cent growth. Revenues climbed 21 per cent.
The company is confident of achieving 2017’s sales target of EUR 471 million. There are plans to invest EUR30 million on expansion, including a EUR10 Mn new administrative building and showroom at the Holz-Her office in Nürtingen. The number of employees is also expected to go up to 2,100. In the Tauberbischofsheim headquarters alone, head count is expected to grow six per cent to 900.
“After the excellent results in 2016 and the extremely successful start to the 2017 financial year, the Supervisory Board made these decisions, which will lay the foundations to further strengthen the Weinig Group's leading position,” Chairman of the Supervisory Board Thomas Bach said.
“Bolstered by our success at LIGNA and our innovations in the area of ‘Industry 4.0’, we expect further dynamic growth.”