GERMANY - The Würth Group, world market leader in the development, production and sale of assembly and fastening materials, reported sales of EUR 10.5 billion in the first half of 2023.

This corresponds to an increase of 5.9 percent compared to the same period last year.

After almost three years of the Covid-19 pandemic and related supply chain problems, the supply situation is improving for the Group. At the same time, interest rates remain at a high level, which, in turn, hampers the demand in the construction industry. Geopolitical challenges such as the smoldering conflict between China, Taiwan and the USA, as well as the war in Ukraine and the associated high energy prices influence the economic growth in Germany. “Against this backdrop, we are very satisfied with the development in the first half of 2023,” emphasizes Robert Friedmann, Chairman of the Central Management Board of the Würth Group.

In 6M-2023 the operating result of the Würth Group amounts to EUR 680 million, which is slightly below the same period under review of last year (EUR 720 million).