The Messer Group has released its 2016 full year financial results achieving consolidated sales of €1.146bn ($1.308bn) and an operating profit of €249m ($284m), despite the challenging economic environment.
The operating profit dropped by around 1%, while sales fell by 2%, compared to 2015 which saw a total global sales increase of 11%, consolidated revenue of €1.16bn ($1.32bn) and operating profits of €252m ($286m).
Last year, the German corporation made investments totaling €147m (4167m). A large part went into new production facilities in China, Poland, Slovenia and Vietnam as well as into developing the Group’s Association of Southeast Asian Nations (ASEAN) business. By cultivating partnerships and further increasing supply of local markets, the company has managed to generate impressively strong growth in the past year.
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