Wenzel Announce Significant Sales Growth
WENZEL has announced that it closed the first half of 2022 with significant growth in incoming orders and sales. The new products and applications are increasingly supporting the core business. Supply chain problems and a lack of skilled workers remain the biggest challenges.
After a strong recovery in 2021, the WENZEL Group stated it was able to increase sales in the first half of 2022 by more than 30% compared to the same period of the previous year despite the difficult market conditions; sales for new machines increased by more than 40%. The basis for this was a significant increase in incoming orders in the 2nd half of 2021, which gave production a significant boost.
This announced performance increase also showed that the introduction of the 4-day week in production at WENZEL has not reduced productivity.
“The introduction of the 4-day week with increasing workload was certainly courageous. But our great employees have shown us that it works. We manage the same and even more than before in a concentrated way on 4 days – and at the same time all employees in production have one day more off!”, says Managing Partner Dr. Heike Wenzel happily.
Full order books also in the second half of the year
The above-average depth of value creation at WENZEL currently helps that the existing supply chain problems are not as serious as with other industry participants. “Unfortunately, the strained supply chains certainly make for longer delivery times at the moment, but we are proud of the fact that we can almost always still deliver our customised solutions within a period of 3 to 4 months,” says Dr Heike Wenzel.
The order books were also well filled for the second half of the year. With further growth of more than 15% and almost 20% for new machines, growth will slow down somewhat in the second half of the year, but the level in the second half was already significantly higher.
For more information: www.wenzel-group.com