Claudius Peters’ revenue rises in 2018

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Germany: Claudius Peters’ revenue rose by 7.5% year-on-year to Euro103m in 2018 from Euro95.6m in 2017. Its orders in hand fell by 31% to Euro56.8m from Euro81.8m. The company said that it remained profitable despite low volumes, with only China exceeding expectations. It also reported that a number of major projects were delayed, mainly in Russia and one in Germany. Overall, company owner Langley Holdings said that despite falling revenue and profit, it had experienced a ‘satisfactory’ year following a record year in 2017.

Last modified on 12 February 2019


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