The JUMO corporate group, based in Fulda, Germany, performed solidly in the financial year 2024 despite a challenging economic environment. The company posted a consolidated turnover of 301 million euro, which was 3.5 % lower than in the previous year. However, it still significantly outperformed the German electrical industry as a whole, which suffered a decline of 6.3 %.
"2024 was a year full of challenges – ranging from geopolitical uncertainties to a generally weak economy. Nevertheless, we have succeeded in pushing ahead with key projects for the future and maintaining our market position," emphasized CEO Dimitrios Charisiadis at the annual press conference.
JUMO's long-term growth strategy is based on 3 central pillars: systems and solutions, digitization, and internationalization. The new AI-powered assistant “JUMY” is an innovative tool for customer service and internal efficiency. At the same time, the company is increasingly focusing on the development of integrated systems and solutions for selected core industries such as energy, the environment, and food.
Another milestone in international expansion was the establishment of 2 new subsidiaries in South Korea and Malaysia. This move strengthens JUMO's presence in high-growth Asian markets and brings it even closer to its international customers.
“We see a clear competitive advantage in the combination of intelligent automation, digital services, and international proximity to our customers,” adds Charisiadis.
In 2024, we continued to invest in machinery, equipment, and tools. Over the past 6 years, investments totaling around 121 million euro have been made worldwide. In Germany, the planned investment volume for 2025 amounts to 28 million euro.
“These investments are a clear commitment to our locations and to the future viability of our company,” explains COO Dr. Steffen Hoßfeld. "Our new SENSILO production site in particular strengthens our production capacities in the field of sensor technology and, as a result, fits perfectly into our strategy as a leading system and solution provider. This investment offers potential for further global growth.”
In 2024 the number of worldwide employees decreased by around 100 people to 2420. This was due to the economic situation and increasing automation. At the same time, the German site remains stable: since 2014, the number of employees in Germany has nevertheless grown – a sign of sustainable development at the company's home base in Fulda. Apprenticeships remain a key element in securing skilled labor. Over the past 6 years, 247 new apprentices have been hired. This underscores JUMO's commitment to investing in its own young talent over the long term.
The company is confident about the current year. Emphasis is clearly placed on efficiency, innovation, and customer focus. “2025 is a year of renewal for us,” says Charisiadis. “We want to reinforce our focus even more, further optimize our processes, and inspire our customers with innovative solutions.”
The odds of achieving these goals are high: in addition to the new SENSILO plant and increasing digitization, JUMO sees the global expansion of its system and solutions business as a key growth driver for the coming years.
