tesa SE posts double-digit growth in 2017
The tesa Group posted sales of € 1,257.8 billion at current exchange rates in 2017, a significant increase of 9.8% from the previous year. Adjusted for exchange rate effects and special factors, sales rose by 10.6%. This was a positive development, and one to which all regions and business fields contributed. We achieved especially strong growth in our business regions of Asia, the Americas, and Eastern Europe, but sales were also positive in the countries in the Western Europe region. The operating result rose to € 207.5 million. The EBIT margin reaches 16.5%.
Investing in consistently expanding and developing our technological capabilities with the intention of reaching our planned growth targets remains an important pillar of our successful strategy. We completed the expansion of our plant in Sparta, Michigan, in the summer. With its advanced, ecofriendly production technologies, we can produce products for the local automotive industry that already meet the high standards that will later apply in the industry. The move will strengthen our market position in this business segment on a lasting basis, now and into the future.
Beyond that, we plan to ramp up our efforts to bring external technical expertise into our group and spur future growth through acquisitions as well as internal processes. We took a major step in this direction in early 2017 with the acquisition of nie wieder bohren, a company based in the German city of Hanau. The company specializes in removable mounting systems with high holding force. Its innovative products supplement our range of smart mounting solutions, which is geared toward consumers and was successfully launched in several European countries in 2017. The expertise we have gained strengthens our position in the DIY bathroom segment in particular and also helps us to tap into new customer groups, particularly commercial ones.
Operating result (EBIT) 1 without special factors
EBIT margin 1 without special factors
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