The E / D / E Group recorded a trading volume of EUR 3.74 billion in the first half of 2021 and thus an exceptionally high increase of over EUR 500 million (+ 17.3 percent). Almost all product areas can see double-digit growth. The building services technology grew in the first six months by around 154 million euros (+ 21.3 percent) to 875 million euros. Division I (precision tools, hand tools, tools / machines for wood and metal processing) grows by 53 million euros (+ 19.4 percent) to 325 million euros. Division II (construction equipment, building tools, fastening technology, construction elements, building fittings / security technology, furniture fittings) can report a growth of 88 million euros (+ 11.7 percent) with 842 million euros.Division III (power tools, factory equipment, welding) grows by around 76 million euros to 455 million euros (+ 20, 2 percent) and Division IV (occupational safety, technical trade) recorded an increase of around EUR 20 million (+ 5.3 percent ) to EUR 387 million. In steel, the trading volume increased by 106 million euros (+ 18.7 percent) to around 675 million euros. The DIY and garden technology sector increased by 9 million euros (+ 10.4 percent) to a total of 95 million euros.
Across the group, E / D / E recorded an increase of over 500 million euros (+ 16.1 percent) in the core areas of the goods business after the first six months. For June alone, the E / D / E Group recorded a total volume of around EUR 700 million with a growth of around EUR 159 million (+ 29.4 percent) compared to the previous year. This makes June the strongest month of all time. Fortunately, the level continued in July. With the very good development, E / D / E can further consolidate its leading market position. In the third market business in central settlement and factoring, ETRIS BANK has more than doubled its activities (+ 117.7 percent) and has further excellent growth prospects.
Dr. Andreas Trautwein , Chairman of the Management Board of E / D / E: “The half-yearly figures show that E / D / E is well positioned with its services. After the reorganization of the goods as part of EVOLUTION, we will continue on our qualitative growth path. ”The next big future project for E / D / E to strengthen competitiveness is, in addition to the ongoing initiatives of digitization, data management and the further development of Services, an IT master plan. It includes a modernization and renewal of the IT infrastructure and system architecture as well as the application landscape. To this end, an investment program in the double-digit millions is due in the next few years. The Wuppertal group makes these investments entirely from its own resources.
Lotter group of companies changes to E / D / E
The growth in E / D / E will be sustainably and qualitatively strengthened in the future by the new addition of the Lotter group of companies, Ludwigsburg, which will switch to E / D / E with the core areas of tools, fittings, occupational safety and components on January 1, 2022, among other things. With almost 1,800 employees, over 50 locations in Germany and a turnover of over 600 million euros, the Lotter group of companies is one of the 300 largest family businesses in Germany.
E / D / E managing director Dr. Christoph Grote : “Our target group-oriented service packages in the areas of sales concepts and logistics, marketing and data management convinced the management of the Lotter group of companies. We are pleased and very proud to be able to welcome the Lotter group of companies to the ranks of E / D / E members from next year onwards. „At the end of July, a two-day kick-off event took place in Wuppertal to get to know each other and the onboarding process for the new member E / D / E association takes place – of course, Corona-compliant as a hybrid event.