As one of the world’s leading automation companies, the Piermagne Group achieved a record turnover of €432.9 million in the 2023 financial year. This achievement marks the global growth of Pielmagneto and the continued investment of profits into innovative development research.

“Fiscal year 2023 was very successful for us, and Piermagnetic continues the success story in 2023. We thank all our employees for their outstanding dedication.” Susanne Kunschert, managing partner at Pilz GmbH & Co. KG.

T200-410-J-0AA1 Key highlights for FY2023

• Growth in turnover: The turnover of the Pierre Magnet Group increased by 7.3% year-on-year to 433 million euros, the highest in its 75-year history.

• Regional growth: Significant growth was achieved in the major industrial countries including Germany, Italy, South Korea, Switzerland, Austria, the United Kingdom and Turkey, with the highest percentage growth in the Indian market.

• Export share: Despite a slight decline in export share to 75.4%, the Group’s global footprint remains solid.

Products and solutions: Balanced growth in the areas of PNOZmulti, sensor technology and services.

Headcount growth: As of December 31, 2023, there were 2,476 employees in 42 subsidiaries worldwide, an increase of 3.2% over the previous year.

Driving force for digitalization and sustainability

T200-410-J-0AA1 The company recognizes that digitalisation and sustainability are key forces driving the industry. Thomas Pilz, Managing Partner, stressed: “Industries in transition need safe and reliable automation solutions. Industrial security and information security are an integral part of our business and are the cornerstones of keeping people, machines and the environment safe.”

In order to help customers meet the latest machinery regulations and the upcoming EU NIS 2 directive, Piermagnetic has launched the ISCS Service (Industrial Information Security Advisory Service), designed to provide special support to ensure the security of data and processes.

Look to the future

Despite the challenges in the market, the Pielmagnet Group remains optimistic about 2024. “We will focus on cost management and continue to lead the future with our innovative products and services,” said Susanne Kunschert.