THE 2016 FINANCIAL YEAR AT A GLANCE
EUR 1,327.1 million
The Wilo Group generated net sales of EUR 1,327.1 million in the 2016 financial year, slightly surpassing the previous year’s sales record by 0.8 percent. Adjusted for exchange rate effects, net sales increased by 3.9 percent.
EUR 107.1 million
CONSOLIDATED NET INCOME
EUR 76.0 million
With EBIT of EUR 107.1 million, an EBIT margin of 8.1 percent and consolidated net income of EUR 76.0 million, profitability remained high but fell compared with the previous year. The decline in profitability was mainly due to expenditure relating to the digital transformation and the location development project in Dortmund, which will promote growth and safeguard the company’s future, and a considerable increase in research and development costs.
EUR 137.4 million
Cash flow from operating activities reached a new high of EUR 137.4 million. In addition, the structure of the statement of financial position was further improved, with the equity ratio rising significantly from 49.3 percent to 53.6 percent.
EUR 109.5 million
Capital expenditure exceeded the high level of the previous year. EUR 109.5 million was invested, among other things, on new manufacturing technologies and the construction and expansion of new and existing sales and production locations. In October, the construction of the new smart factory at the headquarters in Dortmund was officially started with a symbolic ground-breaking ceremony.
RESEARCH AND DEVELOPMENT
EUR 65.0 million
Expenses for research and development also reached a new record high of EUR 65.0 million in 2016. An outstanding product of the Wilo Group’s research and development work is the Wilo-Stratos MAXO, which is being presented at ISH, the world’s leading trade fair, in March 2017. The Wilo-Stratos MAXO is the world’s first smart pump and sets new standards in terms of system efficiency, connectivity, communication capabilities and ease of use.
At the end of the financial year, over 7,600 people were employed in the Wilo Group around the world. This was more than ever before.
Opening of the new plant in Moscow
In June 2016, a new production site including administrative buildings was opened in Noginsk, near Moscow, in the presence of the Russian Prime Minister Dmitry Medvedev. By investing around EUR 35 million, Wilo is responding to both the expected above-average growth in the medium term and the size and significance of the Russian market.
Corporate strategy: Ambition 2020 +
The successful corporate strategy was revised and adjusted to the altered economic and technological conditions, resulting in Ambition 2020+. Eight growth initiatives tap into additional potential and will accelerate future profitable growth.
Mergers & acquisitions
By acquiring GVA Gesellschaft für Verfahren der Abwassertechnik mbH & Co. KG, which specialises in the development and production of system technologies and components for biological wastewater treatment, the Wilo Group has augmented its activities in the wastewater sector and increased its application expertise.