Logistics automation specialist KNAPP AG has announced business results that show its most successful year since it was established in 1952. In the year to 31st March 2018, the company recorded an increase in net revenue of 12.3 per cent from 631.9 to 709.6 million euros.
Order volume for the KNAPP group increased by 32 per cent to 926 million euros, while profit grew by 29.8 per cent, generating 45.2 million euros.
The Managing Board of KNAPP AG – Gerald Hofer (CEO), Franz Mathi (COO) and Christian Grabner (CFO) – is delighted with the group’s success and ascribes the increase in turnover to the company’s innovative spirit. “We’re extremely pleased with the success of the past business year,” commented Gerald Hofer, CEO, “which once again showed a sustainable increase in turnover as well as profit. Thanks to the commitment of our teams across over 35 sites worldwide, we achieved a record order intake of 926 million euros – a success that underlines our position in the market and enables us to increase our budget for research and development from 38 to over 40 million euros and take further important steps that point the way to the future.”