Würth Faces Profit Decline as Founder Hands Over Leadership

Reinhold Würth steps back at 89, citing geopolitical concerns, as the company projects a 25-30% drop in pre-tax earnings for 2024.

Würth Group anticipates a 25-30% reduction in pre-tax earnings for 2024, down from €1.4 billion in 2023, due to global economic challenges.
Revenue for 2024 is expected to decrease by 2%, following €20.4 billion in sales the previous year.
Reinhold Würth, 89, will transfer the chairmanship of the foundation's supervisory board to his grandson Benjamin Würth on January 1, 2025.
Despite financial setbacks, the company remains stable with a 48% equity ratio and €9 billion in reserves, and expects an eventual rebound in customer orders.
Reinhold Würth expressed concerns over the geopolitical climate, including the Ukraine crisis and Donald Trump's return to power in the U.S.