Wittmann Group sees rebounding economy

March 10, 2021
CEO sees possibility of double-digit sales growth this year.

With orders hitting a record in February, the Wittmann Group is hailing a turnaround in the economy, as the world continues to confront the COVID-19 crisis.

“Based on the current order backlog and continuing very positive order situation, we are looking forward to a two-digit increase in sales for 2021,” said Michael Wittmann, managing director and CEO of the Austrian company. “From today’s point of view, we expect to reach the figure of 2019 once more and maybe even exceed it.”

The positive trend has carried forward since the second half of 2020, with increases across all markets and sectors of industry, according to the company, which is making investments in some of its Austrian facilities and global subsidiaries. The Wittmann Group’s projects include a major remodeling of its facility in Lichtblaustrasse; an expansion of its building in Percostrasse; and the addition of an automated pallet system with about 1,500 bays at the company’s facility in Kottingbrunn, as well as other improvements. Investments elsewhere mostly involve facilities in China, Hungary and Bulgaria.