Lapp Group shows strong growth

2012-3-5

The Stuttgart-based Lapp Group reported a very positive growth in turnover in the financial year 2010/2011 (1. October to 30. September). The leading supplier of integrated solutions and branded products for cabling and connection technology has thereby further consolidated and strategically expanded its worldwide market position. The consolidated turnover rose by 34% to around €847 million (previous year €633 million). "This has been a very successful financial year for the Lapp Group. We have been able to close the gap with the record turnovers of the years before the crisis", reports Andreas Lapp, chairman of the board of Lapp Holding AG.

Contributing to this growth above all has been the strong upturn in the world economy, the significant positioning of the Lapp Group in its core markets such as mechanical- and systems engineering and the presence of the Lapp Group in the Asian growth markets.

The real turnover growth was 27%. 7 percent of this can be attributed to the sharp rises in copper prices. The number of employees increased from 2,800 to 3,000 worldwide. Pre-tax profits rose from €45.7 million to €68.2 million.