Successful financial year for Knapp AG

With this balance sheet result and incoming orders of over 700 million euros, the targets were exceeded. Compared to the previous year, the Knapp Group was not only able to increase sales revenue by more than 8 percent, but also EBIT by 14 percent - from 30 to 34 million. At 98 percent, the export ratio remains high. The Management Board team of Gerald Hofer, Franz Mathi and Christian Grabner is delighted with the success of the last financial year and is pushing ahead with employee growth and the expansion of the global branch network in 2017.

"In the 2016/17 financial year, we recorded a record order intake of over 700 million euros. This is a great success that highlights our market position as a partner to industry and which we achieved thanks to the efforts of our strong team," says CEO Gerald Hofer. "It is particularly pleasing that we were able to strengthen our local presence in many regions and that we grew by around 300 employees globally and at our headquarters in Hart bei Graz and at our three other Styrian locations in Dobl, Grambach and Leoben in the last financial year," adds CFO Christian Grabner. The Knapp Group currently employs over 3,350 people from 40 nations worldwide. "This year's excellent result is also essential for our investment program," explains COO Franz Mathi. Every year, Knapp invests around six percent of its revenue in research and development. "We are living in an incredibly exciting time for innovation," explains Mathi. "Due to the very good demand, we expect further growth and were able to start with an extremely pleasing order backlog. Accordingly, the outlook for us is extremely promising," says Grabner.

http://www.knapp.com