Company says overall sales growth in the 2014 financial year was EUR 657 million, compared to EUR 621 million in 2013
Sindelfingen, Germany-headquartered compressor specialist, Bitzer has reported a profitable 2014. In addition to a positive sales trend, the company said it was able to create 200 new jobs during the 2014 financial year; Bitzer now employs 3,400 people. The company said new products and solutions have consolidated its position among the most innovative companies in the refrigeration and air conditioning industry.
Compared to 2013, Bitzer reported an increase in sales of nearly six per cent. Peter Schaufler, Managing Director and Chief Executive Officer, said: “With an increase from EUR 621 million to EUR 657 million, we’re at a much higher level than in the previous year. As an innovation leader in the refrigeration and air conditioning industry, BITZER has remained true to the Swabian ingenuity of its founder. In the past year alone, BITZER invested EUR 25 million in research and development.”
According to the company, in the 2015 financial year, BITZER wants to take a more proactive approach to dealing with counterfeit products around the world as well as make its own compressors verifiable with QR codes. This, the company said, should make it easier for users to tell originals and counterfeit products apart. The company said it was also developing additional compressors, designed for use with refrigerants that have low global warming potential (GWP). The key area of focus, the company added, was energy efficiency based on innovative capacity controls and the eco-friendly character of the products.