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Web Exclusive | March 2017

Lapp Group shows strong growth

Higherturnover, increased profit, more employees - allsigns point to continued growth for the Lapp Group. In FY15-16,the global market leader for integrated solutions for cable andconnection technology from Stuttgart was able to increase itsperformance considerably. The net sales increased to EUR 901.5million. Wehave increased our customer base worldwide. We are very proud ofthis, as it shows just how well-received our products and servicesare on the market,says Andreas Lapp,Chairman of the Board at Lapp Holding AG.Earnings before taxes increased by 3.9 percent to EUR 42.9million. The number of full-time positions increased by 140 to 3,440,while a total of 3,530 employees work at Lapp.The earnings andfinancial situation at the Lapp Group was also very healthy in theprevious financial year. The equity capital ratio in percent is 55.4and therefore remains at a high level. Memberof the Board for Finance Andreas Hermannsaid,“The Lapp Groupis in very good shape and continues to grow healthily. Thanks to our 2020 Strategy, the course is set for sustainable and stable growth inthe coming years as well.”

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