Phoenix Contact started 2017 dynamically: growth in all areas
Explaining Phoenix Contact's economic development in the last year, CEO Chairman of the Executive Board, Frank Stührenberg says: "In 2016, Phoenix Contact could generate a sales growth of 3.2 per cent. Compared to the industry, surely not bad. However, our planned target of six per cent could not be achieved also due to exchange rate effects." With it, the turnover of the Company Group increased to 1.977 billion euros. Explaining their diverse market development, Stührenberg says: "In Italy, Russia and India for example, we could achieve a very positive sales growth between 12-17 per cent. Thanks to the dynamic growth in the electromobility market, the subsidiary Phoenix Contact E-Mobility even achieved a sales growth of 70 percent". The manufacturer of industrial electronics invested 150 million euros in the development of the Company Group in 2016. In addition, 500 new employees joined the company last year.
