Turck Expecting 430 Million Euro Group Turnover

The Turck Group is expecting a consolidated total turnover of around 430 million euros for financial year 2012. According to Turck managing director Christian Wolf, the automation specialist will thus exactly match the levels of last year's turnover figures. Developments in the economy and the market in 2012 have meant that an increase in the total result was not possible. However, the family-owned enterprise was able to achieve a slight increase in turnover of two percent in the German market with almost 100 million euros. The number of employees rose worldwide in 2012 from 3,000 to 3,200, with half of these employed by the Turck Group at its German sites in Beierfeld, Halver and Mülheim an der Ruhr.
"After two very successful years with increases in turnover of 25 to 30 percent, our target markets are currently undergoing a market consolidation phase in 2012, which has been somewhat more considerable than originally expected," Wolf explains. "Our expected growth of five percent for this year could not therefore be achieved. In order to make a forecast for the coming year, we will have to wait to see if a trend reversal becomes apparent in the last quarter of 2012. If this is the case, we expect to increase sales in 2012 by around five percent, which would represent an overall turnover of around 450 million euros."