Beckhoff Automation revenue drops 33% in 2024 to €1.17B

Beckhoff’s product range covers industrial PCs, I/O and fieldbus components, drive technology, automation software, control cabinet-free automation, and hardware for machine vision. | Source: Beckhoff Automation

Beckhoff Automation this month reported sales of €1.17 billion in the 2024 financial year, which is equivalent to around $1.33 billion. This was a sharp decline of 33% compared with the company’s 2023 annual result of €1.75 billion.

The Verl, Germany-based industrial automation...