Lapp group shows sig­nif­i­cant growth in turnover

Power Watch India - - DESPATCHES FINANCE -

The Stuttgart-based Lapp Group re­ported sig­nif­i­cant growth in turnover in the last fi­nan­cial year 2014/2015 (1 Oc­to­ber to 30 Septem­ber). Af­ter two years of low turnover de­vel­op­ment, turnover in the last fi­nan­cial year in­creased by 8.1 per cent to € 886 mil­lion. Profit be­fore tax in­creased by 11.3 per cent to € 41.3 mil­lion. An­dreas Lapp, Chair­man of the Stuttgart-based Lapp Hold­ing AG, said, “Although the Ger­man engi­neer­ing as­so­ci­a­tion VDMA had pre­dicted zero growth for ma­chin­ery and plant engi­neer­ing - Lapp Group’s most im­por­tant mar­ket - in 2015, we were suc­cess­fully able to clearly set our­selves apart from the gen­eral trend. We are bet­ter than the in­dus­try av­er­age.”

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