The JUMO corporate group based in Fulda, Germany, was able to profit from the global growth trends in 2017. The consolidated turnover rose by 12 million euro, with prospects for the current year also looking positive.
"The past business year was a very good one for us. Due to positive market conditions, we were able to increase our turnover from 222 million euro in 2016 to 234 million euro. This means that our consolidated turnover has grown by 38 percent since 2007," said Bernhard Juchheim, Chief Executive Officer of the JUMO corporate group. At the same time JUMO Germany was able to increase the previous year's turnover by almost 6 percent to 168 million euro. The subsidiaries' growth was at 8 percent. At the end of the last year, the goods on order amounted to approximately 22 million euro.
The company's export rate remained stable at 54 percent. This is around 2 percent more than the sector average in Germany. "We are continuing down our road to success as a high-tech supplier for sensor and automation technology. Our innovative products allow us to access new markets all around the world," confirmed Michael Juchheim, who with his father directs the company as Chief Executive Officer.
Thanks to a solid financial position and good liquidity, investments amounting to 17.5 million euro were made in Germany in 2017 towards buildings, machinery, plants, and tools. This also includes the acquisition of a production hall and an office block with a conference center in Fulda. "The new property is in the direct vicinity of our headquarters and provides much-needed relief for the existing sites," emphasized Michael Juchheim.
At the end of 2017, the JUMO corporate group employed 2,283 people worldwide. At the Fulda site and in the German branch offices, 1,378 people were employed, of which 110 were apprentices. 905 people were employed in the foreign subsidiaries. The training rate at JUMO is still exceptionally high. As a result, JUMO could employ 39 new apprentices, BA students, and year-long interns over the last year.
Safety relevant topics and standards are becoming increasingly important in the process industry as well as in mechanical and plant engineering. However, in practice, users often face complex challenges. This year JUMO has therefore combined the company's product and solution expertise in these fields to create the new brand JSP (JUMO Safety Performance). The combination of highly-quality products and comprehensive expert knowledge makes JUMO Safety Performance a clever, complete solution for different industries and applications.
In 2017 the German gross domestic product had a strong growth of 2.2 percent. Prospects for 2018 are equally very positive and lie around 2.5 percent. The German electronics industry even predicts a turnover increase of 4 percent. The JUMO corporate group has made their plans for an above average growth clear, and plans for a turnover growth of 6.8 percent to 250 million euro in 2018. According to Bernhard and Michael Juchheim, business development from the first months indicates that this goal seems to be realistic.