The WAGNER Group, based in Langenhagen near Hanover, closed the past financial year with an outstanding overall result after renewed group growth. Despite the overall challenging global economic situation, the fire protection solutions provider was able to increase the group's consolidated total output to EUR 123.4 million.
This corresponds to a growth of EUR 8.3 million or 7.2% compared to 2022. The company, which currently has around 700 employees worldwide, has thus grown continuously since it was founded in 1976 and has once again exceeded its targets in the past financial year.
internationalization strategy
According to WAGNER, success is based not only on disproportionate growth in the relevant foreign markets but also on successful business in the core market of Germany.
In recent years, the company has consistently pushed ahead with its internationalization strategy and, in addition to further market development within Europe, is currently focusing primarily on further strengthening its business in North America and developing and expanding the fire protection portfolio in India and its neighboring countries.
WAGNER.2026
"Our company's success is a team success and would not have been possible without the commitment of our subsidiaries in the respective markets. We see that our objective of consistent internationalization, which we defined as a key pillar of our corporate strategy WAGNER.2026, is now paying off," says the Company Founder and Managing Director of WAGNER Group GmbH, Dipl.-Ing. Werner Wagner.
He adds, "In addition, we are also driving forward the digital transformation of our company processes and the further development of our plants and systems to maintain our technological and innovation leadership in the future."
global economic challenges
Very high inflation worldwide and rising energy prices, and on the other hand, the shortage of skilled workers
Of course, WAGNER is also observing the major global economic challenges that all companies are currently facing: on the one hand, the high to very high inflation worldwide and rising energy prices, and on the other hand, the shortage of skilled workers, which is not only high in Germany. Nevertheless, WAGNER continues to see signs of growth.
"The development of new markets worldwide is an important success factor for our family business. Through internationalization, we are putting the future of our group of companies on a solid foundation," explains Werner Wagner.
employee commitment
According to Werner Wagner, the outstanding commitment of the employees plays a large part in the company's success, "The exceptionally good overall performance and the successful development of our group of companies would not have been possible without the daily commitment of our motivated employees at the headquarters and in the subsidiaries."
He adds, "In addition to thanking our customers and business partners, the management would therefore especially like to thank our #teamWAGNER."