Heating, Ventilating & Plumbing
Viessmann announces continued growth
Published:  04 April, 2013

Heating systems manufacturer Viessmann has reported sales of €1.89 billion in 2012, a €30 million increase in turnover and 1.6% growth.

Announced at ISH Energy 2013, the figures were provided by the group’s managing partner Dr Martin Viessmann in his keynote speech.

Dr Viessmann also revealed that as a result of further business acquisition, the group recently expanded into cooling and fuel cell technology. This has meant an employee number increase to 10,600 in 2012 with 270 of the additional 1,000 staff from organic growth unrelated to acquisition.

During his presentation, Dr Viessmann addressed the main energy and technology trends impacting on the heating industry: “European markets continue to reflect the political will for the ‘energy revolution’, or shift to renewable energy. The key prerequisite for the success of this energy revolution is to deal with the backlog in modernisation projects in the heating market.

“Not only does the heating market offer the greatest opportunity for energy savings, it also has the facility to store large volumes of energy. This means that it can make a major contribution towards offsetting the unstable energy provision associated with the growing use of renewable energy sources.”

As well as sharing the recent financial figures, Viessmann also launched several innovative product innovations at ISH, including: