Growth Lapp Compensates for Sales Losses

Source: Lapp | Translated by AI 1 min Reading Time

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The Asian and American markets in particular developed positively for Lapp. However, business in Europe remains under pressure.

Lapp continued to invest in production capacities and technologies worldwide in the 2025 financial year.(Image: Lapp)
Lapp continued to invest in production capacities and technologies worldwide in the 2025 financial year.
(Image: Lapp)

The Lapp Group achieved sales of $2.30 billion USD in the 2025 financial year, offsetting the previous year's decline. According to a statement, the growth was primarily driven by double-digit growth in Asia-Pacific and the Americas, while the European business continued to suffer from difficult economic conditions. In the 2024 financial year, Lapp achieved a turnover of $2.17 billion USD (2023 financial year: $2.30 billion USD)

Markets such as India, China and South Korea as well as Mexico, Brazil and Canada in particular developed dynamically, driven by demand from sectors such as intralogistics, battery storage, infrastructure and food production. CEO Matthias Lapp emphasized that consistent internationalization and the "local for local" strategy made the company more resilient to regional economic weaknesses.

In the EMEA region, Lapp achieved a slight increase in sales in the low single-digit percentage range, but was unsatisfied with its profitability. Positive impetus came from the harnessing business with customer-specific connection solutions. At the same time, the family-owned company invested around $67 million USD in new production lines, plants in India and sustainable product innovations.

Lapp is cautiously optimistic for 2026 and sees further growth potential, particularly in future industries such as renewable energies, data centers and energy storage systems.

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