Germany-based Wurth Group reported sales for 2012 of €9.98 billion (US$13.1 billion), up 3 percent from 2011.
In its core business, the trade in assembly and fastening material for the craft and industry sector, the Wurth Group grew by 3.7 percent to a total of €5.5 billion (US$7.2 billion) in 2012.
"We get to feel the worldwide volatile economic situation and the clearly dramatic drop in prices in photovoltaics. An icy wind is blowing from the southern European countries into our faces as well. We could increase our sales in all regions except for Southern Europe. At the same time, we used the upward wind in Scandinavia and North America as we generated sales records in Canada and the USA,” said Robert Friedmann, chairman of the central managing board of the Würth Group.
