With consolidated revenues of EUR 1.0 billion, IFM Electronic reached the magic threshold for the first time in its 50-year history. At the end of 2019, growth over the previous year was 5.5% overall. North and South America as well as China contributed particularly to the increase in sales. The significant downturn in the automotive business and mechanical engineering was cushioned by growth in the food industry and mobile machinery. Preliminary earnings (EBIT) are at a solid level of 5.6% (previous year 7.7%).
