Graepel, a manufacturer of cold-formed sheet metal components based in Löningen, Germany, has presented its annual financial statements for fiscal 2022.
Once again, the family business managed by brothers Carlo and Felix Graepel can look back on a very good business year. Sales of the manufacturer, which produces in five plants on three continents, increased from 109 to almost 139 million euros. This is the highest figure in the company’s 134-year history. Earnings before taxes also improved significantly. The good order situation is reflected in the number of employees: As of December 31, 2022, 781 employees and 50 trainees were employed, two thirds of them in the industrial sector.
Like other industries, the metal processing sector continues to face economic challenges: Corona, the Ukraine war and, last but not least, the energy and labor markets in transition are creating a difficult market environment and putting a strain on supply chains in particular. However, Graepel has so far been able to counteract this effectively through a series of compensatory measures, forward-looking planning and sales successes.
The investment in foreign markets, particularly in North America and Asia, which was stepped up from 2006 onwards, is increasingly paying off. Graepel now generates just over half of its sales outside Germany, and the trend is rising.
Air grilles, structural parts and other products for commercial vehicles, agricultural and construction machinery account for 73 percent of sales. Products for structural metalwork, including profiled metal gratings and stairs, form the second major mainstay. Graepel has concentrated their production at the Seehausen site in the Altmark region.
For 2023, the manufacturer expects a further increase and thus blinks confidently into the future.