Submarine cables connect the world - with Wieland products
Non-satellites enable us to view and transmit live streams, read articles online and on the go, or make phone calls over the Internet. 95% of global traffic is via submarine cables. For the thousands of kilometers of wires our tapes are processed! More
Apr 11, 2018
The magazine "Wirtschaftswoche" awards the best founders together with Wieland Ventures as a partner
Together with Germany's largest business magazine, Wieland Ventures is looking for the best talents in the start-up scene. Michael Demmer Managing Director of Wieland Ventures is a jury partner in the mobility category.
Together with other members of the jury, Michael Demmer selects the most innovative founders whose business ideas have a significant impact on the economy.
In addition to the grand prize, the winner of the mobility category can also look forward to the individual winner package from Wieland Ventures: an invitation to a two-day "innovation boost" at the Wieland Group plant in Ulm. For the winners, this means that they meet experts and important key persons in the mobility area at Wieland and gain insight into sales, strategic business planning and R&D.
Wieland posts record results and expects further profitable growth
In the fiscal year 2016/17 (1 October 2016 to 30 September 2017), the Wieland Group’s sales volume rose by 5 percent year-over-year to 485,000 tons. The main growth drivers were the sales markets in Europe and China. Due to strong market demand and a copper price level, total sales increased by 18 percent to 3.0 billion Euro (previous year: 2.5 billion Euro). The operating profit (EBITDA) reached a record level of 190 million Euro, an increase of 16 percent versus the previous year (164 million Euro). The improvement was driven by a higher value-added product mix, increased sales volume as well as operational efficiency gains. The development of foreign currencies, in particular the declining USD, impacted results negatively.