Cutting tool manufacturer Mapal was able to increase its group turnover in the 2023
financial year. At €588m, this represents an increase of 5.5% year-on-year. Dr Jochen Kress,
president of the Mapal Group, considers this a validation: “The fact that we were able to
achieve our planned growth despite considerable economic fluctuations over the course of
the year makes us optimistic that we have charted the correct course”.
The company expects turnover to stagnate overall in 2024. “The economy grew slower than
expected in the first half of the year,” says Kress. “However, there are more signs that the
second half will be more positive, which is reflected in our forecasts. We are now
concentrating on remaining in line with these despite the economic challenges.”
More information www.mapal.com