Lapp group shows strong growth

May 23, 2017 11:09 am0 commentsViews: 50

MLappgroup1All signs point to continued growth for the Lapp Group. In the previous financial year 2015/2016 (1 October to 30 September), the global market leader for integrated solutions for cable and connection technology from Stuttgart was able to increase its performance considerably. The net sales increased to EUR 901.5 million. “We have increased our customer base worldwide. We are very proud of this, as it shows just how well-received our products and services are on the market,” said Andreas Lapp, Chairman of the Board at Lapp Holding AG. Earnings before taxes increased by 3.9 per cent to EUR 42.9 million. The number of full-time positions increased by 140 to 3,440, while a total of 3,530 employees work at Lapp. Healthy earnings and financial situation – The earnings and financial situation at the Lapp Group was also very healthy in the previous financial year. The equity capital ratio in per cent is 55.4 and therefore remains at a high level.

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