15. July, 2022
WORTMANN Group remains on a stable course

The WORTMANN Group is satisfied with the business development in Germany and abroad in the first half of 2022. The company's management expects sales of around EUR 2 billion again by the end of the year. Within the first two quarters, sales of around EUR 1 billion were again achieved. The WORTMANN Group holds shares in more than 25 companies.

Siegbert Wortmann is realistic: "The effects of the corona pandemic were still being felt in the first half of 2022. The shortage of various components and distribution items for various reasons, but especially due to the war in Ukraine, continues to be particularly challenging. We hope for an improvement in this situation in the second half of the year.”

However, the year 2022 is developing in a satisfactory economic framework for the WORTMANN Group thanks to its cross-industry orientation and its strong position on the German market. In this context, the family-run WORTMANN AG continues to have the largest share with a half-yearly turnover of almost 500 million euros.

The other holdings of the WORTMANN Group are on the one hand in the broad IT field but also in the non-IT area. BAB Distribution GmbH with approx. 100 million euros and Kosatec with around 250 million euros in sales, WORTMANN Telecom with 50 million euros, Roda as a military IT specialist or the company MCD, which specializes in solutions in the medical sector, with 20 and 10 million euros, respectively, contribute to the excellent half-year result in the area of ​​the IT companies of the WORTMANN Group.

The half-year volume for 2022 in the non-IT sector was stable at over 60 million euros. Associated companies such as WORTMANN Leasing and Factoring together generated sales of over EUR 10 million in the first half of the year. Westfalia Germany and the USA, as providers of automatic logistics systems, achieved sales of around EUR 25 million and EUR 20 million respectively in the first half of 2020. Furthermore, W&K Gehäusebau, the construction company S+W Bau and TERRA Gebäudetechnik also contributed their share of around 5 million euros.

The highlight of the first half of the year was the TERRA WORTMANN OPEN (formerly Gerry Weber Open) in Halle/Westphalia. The namesake of what is probably the largest and most important lawn tennis tournament in Germany has been the Wortmann Group since 2021. A top-class field of participants with several top 10 players and around 100,000 spectators made the tournament to a great seven-day event. Many companies of the Wortmann Group had invited numerous customers and partners. The company founder is excited about the development of TERRA e-sports GmbH, which was founded at the beginning of the year. "As an experienced PC manufacturer, we want to help shape this market with all its facets even more intensively in the coming years," concludes Siegbert Wortmann.