Würth surpasses EUR 20bn in global sales; Sri Lanka welcomes new CEO

The Würth Group, a global leader in assembly and fastening materials, has achieved a historic milestone with annual sales exceeding EUR 20 billion for the first time in its corporate history, according to its preliminary financial statements for the 2023 fiscal year. 
Despite global economic and political challenges, the Group has experienced growth, with sales increasing by 2.4 percent, reaching 3.5 percent when adjusted for currencies. The operating result is expected to be EUR 1.4 billion, marking the second-best result in the Group’s history.
“The sales milestone of EUR 20 billion is significant for us, representing a doubling of our sales volume over the past nine years,” stated Robert Friedmann, Chairman of the Central Management Board of the Würth Group. 

He credited the diverse structure across different industries and regions, along with the resilient business model, for the success. 
Year 2024 also saw a transition of leadership with Suranga Kekuluwalge assuming the role of CEO of Würth Lanka (Pvt) Ltd, succeeding Managing Director Rohan Amirthaiah, who will continue in his role until the end of 2024. 
Under Amirthaiah’s leadership, Würth expanded its presence in Sri Lanka, becoming a leading supplier of cutting-edge German technology. 
Würth Lanka (Pvt) Ltd also maintained its Premier Gold Partnership with the Delegation of German Industry and Commerce Lanka (AHK Sri Lanka) for the second consecutive year in the financial year 2022/3. AHK Sri Lanka provides professional advice and support for companies from Germany and Sri Lanka for successful business establishment and expansion.