FRIEDRICHSHAFEN, GERMANY — Equipment maker Wittmann Battenfeld GmbH expects sales this year to increase 7 percent, to 295 million euros, as it said some key markets, including in Europe, were performing better than general economic news might suggest.
At an Oct. 15 news conference at Fakuma in Friedrichshafen, company executives said orders this year are up 15 percent, and it projected 2015 sales would reach 320 million euros.
As well, Wittmann Battenfeld unveiled a new line of servo-hydraulic machines, dubbed Smartpower, which it says save energy by completely recapturing the energy released in the machine's deceleration back into its operations, along with a series of new auxiliary equipment and robots.
On the financial figures, General Manager Michael Wittmann said many European markets, where Wittmann gets 57 percent of sales, are doing reasonably well, making up for a slowdown in China and tougher business in Southeast Asia. In particular he mentioned stronger competition from Japanese machinery makers there.
“Markets that have been weak in the past, like the U.K., like France, like Spain, have been very healthy this year,” Wittmann said. “We are still operating in a healthy market … If you ask us why, we don't know.”