(Munich, March 20, 2018) – The KraussMaffei Group remains on track for success and growth. In 2017 the company once again achieved excellent results, strengthening its foundation for future global growth. Demand for new technologies and services, and powerful impulses from China are creating the conditions for continued strong performance.
Record result for KraussMaffei in 2017
In 2017, revenue for the KraussMaffei Group increased 8 percent to €1.37 billion. Growth in new orders, at 6 percent, was also solid. “We are very happy with our performance last year,” says Dr. Frank Stieler, CEO of the KraussMaffei Group. “We succeeded in beating the record we achieved in 2016 for both revenue and new orders. Improved access to the Chinese market thanks to our owner ChemChina played an important part in this. Our products in the injection molding and reaction process technology segments in particular benefited greatly from growing Chinese demand. We intend to adapt our product series more to take account of regional requirements.”
Planned investment growth for 2018
The Group is expecting further growth in the coming years, driven mainly by global megatrends like digitalization and automation. In 2017, the Group benefited from demand for high-quality machines offering a high level of flexibility, networking and configuration. To continue meeting this growing need for technical innovation and services in the future, the KraussMaffei Group intends to invest heavily in its machine fleet, IT infrastructure, and software during the current fiscal year. Capital investment of about €67 million is planned for 2018. This represents an increase of 81 percent compared to the previous year.
Adapted strategy enables development of new digitalization-related business fields
In its 180th anniversary year, the KraussMaffei Group will define a new strategic focuswith its “Compass” project. “The basis will continue to be our position as a leader of technology,” says Stieler. “That will make it possible to develop new products and services for digital solutions and new business models in times of accelerated global technological change.”
The planned stock market listing and the resulting increase in capital will help KraussMaffei implement this strategy in the medium term. The announced listing is currently subject to approval by various authorities and committees in China.