Lapp group shows strong growth

Power Watch India - - DESPATCHES FINANCE -

All signs point to con­tin­ued growth for the Lapp Group. In the pre­vi­ous financial year 2015/2016 (1 Oc­to­ber to 30 Septem­ber), the global mar­ket leader for in­te­grated so­lu­tions for ca­ble and connection tech­nol­ogy from Stuttgart was able to in­crease its per­for­mance con­sid­er­ably. The net sales in­creased to EUR 901.5 mil­lion. “We have in­creased our cus­tomer base world­wide. We are very proud of this, as it shows just how well-re­ceived our prod­ucts and ser­vices are on the mar­ket,” said An­dreas Lapp, Chair­man of the Board at Lapp Hold­ing AG. Earn­ings be­fore taxes in­creased by 3.9 per cent to EUR 42.9 mil­lion. The num­ber of full-time po­si­tions in­creased by 140 to 3,440, while a to­tal of 3,530 em­ploy­ees work at Lapp.

Healthy earn­ings and financial sit­u­a­tion

- The earn­ings and financial sit­u­a­tion at the Lapp Group was also very healthy in the pre­vi­ous financial year. The eq­uity cap­i­tal ra­tio in per cent is 55.4 and there­fore re­mains at a high level.

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