Varying development in the regions
Europe is the most important market for the Lapp Group with a 69 percent share in the total turnover. The turnover here grew by five percent to EUR 620.6 million. The most important single market is Germany, with a turnover share of almost 30 percent and an almost unchanged revenue of EUR 268.2 million.

In Europe, the turnovers in Benelux, Spain, Poland and Italy have developed particularly positively. The region of America (USA, Canada, Central and South America) managed to increase its turnover slightly by 1 percent to EUR 109.0 million.  In Asia (with Africa, Australia and New Zealand), however, the turnover sank by nine percent to EUR 171.9 million for project-related reasons.

Investments to secure the future
The largest construction project was the new Lapp European headquarters at the company's home in Stuttgart-Vaihingen. Around 400 employees moved in there at the end of the year. The new building provides new opportunities to combine Lapp's strengths even more effectively and to provide even better support for customers throughout Europe, Africa, the Middle East and South America.

The investment sum borne by Lapp Immobilien GmbH & Co. is approximately EUR 28 million. At EUR 20.3 million, the investment volume of the Lapp Group is on par with the previous financial year 2015/2016. Investments were also made in Lapp Russia, where a new management and logistics centre was opened. Other important projects were investments in the equipment at the production plants and the continued roll-out of the new SAP software ECC 6.0.

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