Modern Woodworking - 4/26/19

WINTERSTEIGER expanding strongly

Press Release from Wintersteiger, Inc.

The WINTERSTEIGER Group continued to grow in line with its strategy in 2017, with turnover up 10% and profit rising by 30%.

 

“2018 has started as 2017 finished – really well!” CEO Dr. Florestan von Boxberg is satisfied with the Group’s performance, and CFO Harold Kostka adds that “Our Group reorganization in 2015 and re-orientation towards growth are paying off.” In 2017 the Group recorded a record turnover of EUR 154 million, and pre-tax profits of EUR 7.8 million. The Management Board is confident that Group turnover will continue this positive trend in 2018.

 

The SPORTS business field, whose turnover of EUR 62 million makes it the Group’s biggest, grew strongly for the third successive year in 2017, setting a new record in the process. WINTERSTEIGER has been much more than a machine builder for a number of years, and now provides a full range of services to SPORTS retail and ski rental.

 

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