GERMANY - According to the figures presented at the recent Ligna trade fair press conference, the Weinig Group announced extremely positive growth at the end of the 2016 financial year. Order inflow rose by 16% compared with 2015 and this gratifying trend has continued into 2017.

Orders to the end of April 2017 showed 17% growth while revenues rose by as much as 21%. With the excellent LIGNA sales of 47 million euros, the Weinig Group is very confident of achieving the order inflow total of 471 million euros, a 12% improvement compared to last year. The group’s consolidated sales revenue is expected to rise by 14% to €430m in 2017 financial year.

In view of the recent positive figures, the Supervisory Board passed a series of forward-looking measures and an investment budget of more than 30 million euros. Plans include a new administrative building and showroom at the Holz-Her site in Nürtingen, Germany at a cost of 10 million euros. There was also a focus on growing the group’s personnel, with plans to increase the number of employees to 2,100. The personnel at Tauberbischofsheim, Germany alone is expected to grow by 6% to a total of 900 employees.