The Groninger Group can look back on a successful financial year 2024. With a total operating performance of around 300 million euros, the Crailsheim-based company once again achieved a top result and set a new record.
With this new milestone, the family-owned company says it is continuing its previous growth trajectory and has once again achieved a new record result in the company's history - despite challenging conditions. „Although 2024 was characterised by global economic uncertainties and political tensions, and we had to tackle some major internal projects, together we managed to bring the year to a successful conclusion for the Group,“ says Jens Groninger, CEO of the Group, summarising 2024.
„We have achieved our ambitious goals. This success is the result of the great commitment and strong team spirit of our employees across all locations. And we are incredibly proud of this,“ emphasises brother Volker Groninger, also Managing Partner.
In addition to the fulfilment of economic targets, Groninger's focus in the 2024 financial year was on the Successful initialisation and implementation of development projects, The Crailsheim-based company is continuing its efforts to position the family business in such a way that it can continue to fulfil its market leadership in the future.
„Our company builds highly complex, highly automated systems for the pharmaceutical, cosmetics and consumer healthcare industries - with the highest standards of precision, flexibility and reliability. This excellence must also be reflected in our internal processes,“ explains Jens Groninger. This is why the company invested specifically in organisational development, updating process chains and strengthening innovation processes in 2024.
The international nature of Groninger's customer base was once again evident in the past financial year. The total output for 2024 was once again generated in the most important sales markets worldwide:
- 30 per cent in North and South America,
- 60 per cent in Europe and
- 10 per cent in Asia and Africa
„We put in an incredibly strong performance in Europe last year. We were disproportionately successful here. We see the strength of our European market as an important signal: Europe is and will remain a stable, reliable partner for industry and innovation.“
Jens Groninger
Outlook 2025: investing in the future
The global market leader is also underpinning its commitment to Europe - and to its German location in particular - in 2025, with construction work on the Crailsheim campus once again on the agenda. The mechanical engineering company is planning to build another state-of-the-art assembly hall with integrated office and administration space on an area of around 7,000 square metres. Completion is planned for mid-2027. „We are assuming an investment volume of around 30 million euros,“ explains Jens Groninger. This is the largest single investment in Groninger's 45-year company history. „We are creating additional production capacity. On the other hand, the expansion will give us sufficient space to offer new services that we would like to add to our portfolio in a targeted manner.“
However, Groninger is not only focussing on Europe. It is also investing heavily in the USA: 14.2 million US dollars are being invested in the construction of the new headquarters of Groninger USA LLC in Charlotte, North Carolina. The aim is to create 60 new jobs by 2030.
Source: Groninger
