At their recent annual press briefing, ODU management announced growth of 15% in 2022 to over €280m – a new record turnover.
Outlook for 2023
Although further growth is planned for 2023, ODU is cautious. There is a war going on in Europe, the supply chains are far from being fully intact again and some customers still have high stock levels. With regard to China, there are still many open questions concerning Covid, and the Taiwan issue has not been clarified.
So yes, ODU is looking ahead with confidence and optimism for 2023, which has started well, but the company remains cautious about spending money.
Confidence
One reason for being confident is because of the massive additional capacity that has been created in recent months. In Mühldorf, the existing site is now fully utilised with two new buildings erected. At the second European production site in Romania, the production area was expanded by 30% through an extension.
Additional investments in Mexico for the North American market and also a little in China rounded-off a massive investment programme.
“Now areas like the Mühldorf canteen are bursting at the seams!” says Managing Director Kurt Woelfl.
Optimism
The customers ODU works with are in very robust markets. The medical market is an example of this. In addition to numerous connectors, many of which were specifically developed exactly according to customer requirements, ODU also now produces more and more complete systems, including cables, in every conceivable shape and design.
“Just as the customer needs it,” emphasises Denis Giba, Managing Director and Sales Manager. “These customised customer total solutions are what make ODU what it is, what we enjoy. To keep it that way, the task is to inspire our demanding customers, who then become loyal business partners to ODU for many, many years. That’s what drives ODU and that’s what ODU is sticking to. Even if, as now, there are a few additional uncertainties in the markets“.
ODU-UK Ltd | tel: 0330 002 0640 | email: [email protected] | www.odu-uk.co.uk
