Wieland posts record results and expects further profitable growth
In the fiscal year 2016/17 (1 October 2016 to 30 September 2017), the Wieland Group’s sales volume rose by 5 percent year-over-year to 485,000 tons. The main growth drivers were the sales markets in Europe and China. Due to strong market demand and a copper price level, total sales increased by 18 percent to 3.0 billion Euro (previous year: 2.5 billion Euro). The operating profit (EBITDA) reached a record level of 190 million Euro, an increase of 16 percent versus the previous year (164 million Euro). The improvement was driven by a higher value-added product mix, increased sales volume as well as operational efficiency gains. The development of foreign currencies, in particular the declining USD, impacted results negatively.
On Saturday a Hackathon took place at the Robert Bosch School in Ulm for the members of our Digital Change Team.
Together with 6 students of the 12th grade of the Technical High School - Information Technology of the Robert Bosch School in Ulm, a colleague from our IT department planned and implemented the event. Our employees were able to work on a project of their choice - regardless of whether you had experience with hardware and software or are a programming professional.
For every exciting project, like Internet of Things - measuring station, robotics - obstacle detection, cloud computing - bitcointicker, a script and additionally a great support for programming by the students. The hardware was then allowed to be taken home.
Feb 28, 2018
Wieland Ventures joins the innovation platform STARTUP AUTOBAHN to empower the success of technology startups
Wieland Ventures is a new partner of the innovation platform Startup Autobahn in Stuttgart. This partnership is an important step towards further expansion of the Wieland Group’s innovation strength and global technology portfolio.
The STARTUP AUTOBAHN delivers on its promise to connect startups with its corporate partners to drive growth and focus on solutions that can be applied in industrial environments and scaled up accordingly. Technology startups from around the world develop solutions for the mobility of the future with the support of Startup Autobahn and the platform’s corporate partners such as Daimler, Porsche, ZF Friedrichshafen, BASF and other reputable companies. In addition, the platform is part of the global Plug and Play innovation network.
Through long-term contracts with metal producers and traders operating on a global scale, the Wieland Group ensures a reliable metal supply to its customers.
The current development of the metal markets requires an adjustment of the metal premiums.
For deliveries made from 1 January 2018, the metal premiums will change as follows:
Copper: + 6 US dollars per ton
Zinc: + 10 US dollars per ton
Tin: + 25 US dollars per ton
Nickel: + 170 US dollars per ton
Lead: + 30 US dollars per ton
Aluminium: + 30 US dollars per ton
Feb 12, 2018
The acquisition of the flat rolled products division of Aurubis positions the Wieland Group as a global partner for its customers
Partners signed binding term sheet
Acquisition will require approval of anti-trust authorities
Global business growth driven by digitalization, connectivity and mobility trends
Wieland and Aurubis signed a binding term sheet with the objective to integrate the global business unit Flat Rolled Products from Aurubis into to the Wieland Group. Following the completion of the sale and purchase agreement in the next few weeks, the proposed transaction will require clearance from several antitrust authorities.