German automation company Sick Group has described the fiscal year 2012 as “eventful and strong”.
In a statement on the results, its chairman Dr Robert Bauer said that there was pressure to rationalise and conserve resources within the automation sector, with economic uncertainty a consideration.
The company also noted that customers’ needs were becoming more complicated and they were demanding more of engineers and consultants in terms of research and development and the provision of solutions.
SICK managed to achieve its strongest orders result ever in 2102, nearly a billion Euros, and up 7.9 per cent on the previous year. Profit was also up strongly to 58.9 million Euros compared to 2011.
“We believe that we will achieve low single-digit growth this year as a result of the current economic situation,” said Bauer of 2013.
“Aside from these economic highs and lows, we think we are ideally equipped to meet the demands of the markets and customers with our innovative range of products and services, and with our competent employees.”