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Follow on Google News | ebm-papst Group Publishes Yearly Financial ReportFan specialist grows by 33%,creates 900 new jobs
By: Roger Holt Hans-Jochen Beilke, Chairman of the Board of Managing Directors of the ebm-papst Group, remarks: "We have succeeded in further expanding our leading market position in the field of energy saving fans and drives. The reasons for this include our continued high expenditures in research and development, even during the year of the crisis. The decision we made years ago in favour of energy-efficient products that conserve resources is paying off." Particularly strong growth was seen in the areas of ventilation and air-conditioning technology (+52%) and mechanical and plant engineering (+46%). These are followed by the business sectors of automotive/traffic (+36%) refrigeration technology (+32%), IT/telecommunications (+25%) and heating engineering (+17%). The broad diversification across industries – which was also a stabilising factor during the global economic crisis – remains the focus of the fan specialist. The share of turnover earned by the company outside Germany grew by 72% compared to the previous year, by just under one percentage point. For the new fiscal year 2011/2012, the ebm-papst group expects an increase in sales of just under 7% to 1.4 billion EUR. ebm-papst expects significant double-digit growth impulses in Asia (particularly China) and the USA. http://www.ebmpapst.com.au/ # # # We are the leading manufacturer and supplier of fans, blowers and air moving products. We provide a unique range of air movement or specialist drives products. Our motor technology, engineering and logistics expertise will add value to your business. End
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