The VITRONIC Group has successfully concluded the fiscal year 2022, achieving a 14% increase in revenue to 208 million EUR. The international company has demonstrated long-term reliability in delivery and performance, while consistently increasing growth. VITRONIC has proved its stability and resilience despite the ongoing supply chain issues resulting from the COVID-19 pandemic and the Russian invasion of Ukraine. The annual operating profit (EBIT) significantly increased, reaching over 15 million EUR.
A broader regional presence with a focus on future-oriented projects, increasing service business (after-sales and service providing), and an extraordinarily high order backlog have positively supported business operations. Successful international toll projects, a strongly growing North American market, the established markets of DACH, Western Europe, and the Middle East, as well as an innovative product portfolio that includes future sectors, such as batteries and solar, offer a strong outlook despite ongoing economic challenges.
The VITRONIC Group employs over 1,300 people worldwide and expects to see further profitable growth of 12-15% in 2023. To increase market presence in Austria, VITRONIC Austria GmbH was founded in Vienna in 2022. Presence on site has also been strengthened at existing locations such as in North America, UAE, and Malaysia.
Even though the last three years were marked by COVID-19, restricted supply chains, and increased procurement costs, all teams at the VITRONIC Group rose to the challenges to achieve this excellent business result together. With our organizational structure, we are able to be flexible to requirements and make decisions quickly. In addition, innovation and quality are at the center of everything we do. These qualities make us prepared for the future.