German industrial company Ziehl-Abegg has published its annual figures for 2022. With sales of 873 million euros, the company increased by around 22 percent compared to the previous year (716 million euros). The number of employees grew globally to 5,100 (previous year 4700) and in Germany to 2800 (previous year 2600). Despite the closure of the site in Russia and an overall unstable supply chain, which made production planning more difficult, Ziehl-Abegg was able to continue its success and is planning further investments in new plants.
On the one hand, the sales growth was due to the increase in sales prices as a result of sharply higher purchase prices; on the other hand, increasing demand for efficient and durable electric motors and fans drove sales. The company also invested in new production sites in Lodz (Poland) and the USA. Trends such as digitalization, expansion of wind power, food production, as well as building ventilation, heating and air conditioning technology will further increase demand for Ziehl-Abegg products in the coming years. Increasing interest in heat pumps will further fuel demand for quiet and efficient fans, the company said.