"We haven't been lazy since K," Michael Wittmann, General Manager, Wittmann Group, told journalists at a press conference today at Fakuma in Friedrichshafen, Germany. And he wasn't kidding.
First things first: the company looks to be having a stellar year. Although it is falling just shy of the €300 million in sales that it wanted to reach in 2014, the Wittmann Group does anticipate surpassing the 2013 figure by 7%. The company expects to breach the €300 million threshold in 2015, forecasting sales revenue of €320 million.
In stark contrast with the gloomy economic news coming out of Europe at the moment, the company has registered stronger than expected growth in Spain, Italy, and France. And 2015 is shaping up rather nicely, as well. "It's a bit astonishing, but this is a very healthy market for us," said Wittmann. "My colleagues are even very optimistic about the German market [for 2015]."
Having reviewed the financials, Wittmann and Georg Tinschert, Managing Director of Wittmann-Battenfeld, ran through the various expansions underway. A production center for large machines and platens in Kottingbrunn, Austria, is slated for completion in the second quarter of 2015, and construction started this month on a new material handling center about 15 kilometers outside of Vienna. It is expected to be up and running in September 2015.