The Wittmann Group looks to the future with optimism
The Wittmann Group Looks to the Future with Optimism
Member News: The Wittmann Group was able to maintain its revenue at the previous year’s level in the 2022 fiscal year. An increase of around 10% is targeted for 2023.
The 2022 fiscal year for the Wittmann Group was marked by high order intakes, especially in the first half of the year, which were well above average. On the other hand, the tense situation regarding the delivery of purchased parts, particularly electronic components, meant that a revenue increase over the previous year could not be realized. The revenue for 2022 settled at 376 million, remaining at the previous year’s level.
Significant progress was made in the numerous investment and construction projects of the Wittmann Group. Aside from new investments in state-of-the-art processing centers at three production sites of the Wittmann Group, the expansions of the buildings of Wittmann Battenfeld in Kottingbrunn/A and Wittmann Robottechnikai Kft. in Mosonmagyarovar/HU were completed in 2022. The additional production space is primarily used to increase the capacity for injection molding machines. The expansion of the Hungarian plant also allows for increased production of Tempro temperature controllers and robots of the new model series with R9 control. The enlargement of the main building of Wittmann USA Inc. in Torrington, CT/USA is scheduled for completion in the next two months and will provide additional space for automation solutions and complete injection molding cells. Additionally, a new building for the Hungarian sales and service organization Wittmann Battenfeld Kft. in Törökbálint, near Budapest, is under construction and is expected to be completed by the end of Q2/2023.
Last year, the number of production sites of the Wittmann Group was increased with a location in Dilovası, Turkey. The focus of this plant will be on sheet metal and metal processing, with complete products for the Wittmann Group’s peripheral devices also planned. After 1.5 years of preparation, serial production of the first devices started on January 1, 2023. In the first phase, a production area of 3,600 m² is available. Activities will be gradually expanded in the coming months and years to support the production operations of Wittmann’s plants in Austria and France. The advantage of the new Turkish location lies in the presence of a growing labor market, which will not undergo demographic changes in the coming years and provides qualified industrial labor. Thus, the need for further growth in the Wittmann Group can be optimally met. For the current fiscal year, Michael Wittmann, Managing Director of the Wittmann Group, expects a revenue increase of around 10%. This assessment is based on the high order backlog at the beginning of 2023 and the improving supply situation in the market.
“We are well-positioned with our energy-efficient and high-performance machines and products and look to the future with optimism.”
Michael Wittmann
