Beckhoff Automation: Beckhoff's sales plummet by 33%, but are expected to bounce back

Global sales by the German automation supplier Beckhoff slumped by 33% in 2024, from €1.75bn in 2023 to €1.17bn. This was a sharp change in fortune for a company that usually achieves double-digit annual increases in sales, and expanded at an average annual rate of 15% between 2000 and 2023. Between 2021 and 2023, the [...] The post Beckhoff's sales plummet by 33%, but are expected to bounce back first appeared on Drives&Controls.