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After sales decrease to 270 million Euros, Turck is expecting slight recovery for 2010
16/09 – October 9, 2009
The Muelheim-based family enterprise Turck is anticipating a consolidated turnover of approximately 270 million Euros for the current fiscal year. Compared to the past fiscal year, this is a decrease of about 27 percent. The total number of employees has decreased by approximately ten percent to 2.550, including all Turck subsidiaries and representations worldwide. 1.374 employees, 75 of which are trainees, work for the company in Muelheim, Halver and Beierfeld, Germany.
“This fiscal year’s profit is strongly influenced by our prime markets in the automotive and machine building industry,” says Christian Wolf, Managing Director with the Hans Turck GmbH & Co. KG, who expects a slight recovery for the next fiscal year. “Orders have stabilized at least – although I do not expect them to increase significantly in the near future. We are anticipating slightly increasing sales with a solid single-digit growth rate.” Wolf says that the recovering U.S. market is going to play a big role for this development, since Turck is the leading vendor for sensor and connectivity solutions there. Sales in China are recovering, too – though at a slower pace.
Wolf says that despite the inevitable economy measures, Turck’s customers can rely on the automation specialist’s solution know-how. “The close contact to our customers has always been important to us – despite all cuts. This has always been one pillar of our success,” says Wolf. “Two new highlights Turck is going to present at the SPS/IPC/Drives in Nuremberg will prove that innovation does not necessarily fall by the wayside in difficult times. In addition to our new line of human machine interfaces (HMIs), we are going to introduce a new linear displacement sensor that enables users to replace all existing magnetostrictive or potentiometric measuring solutions.”
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Christian Wolf, Managing Director with Turck, expects slight recovery for the next fiscal year |
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