In 2024, Andreas Maier GmbH & Co. KG (AMF) recorded a decline in revenue of over eleven percent to 45 million euros. The weakness of the economy in Germany led to a significantly stronger decline compared to other EU countries. Revenues also fell sharply in China. Hope comes from Eastern Europe and the USA with slight growth, as well as India, where sales increased. Business in Turkey developed positively. The business areas of locks and trading goods also performed well. Despite the difficult economic environment, AMF continues to rely on its core workforce, which has been retained. For 2025, the company in Fellbach expects a slight recovery. Process optimizations, developments for AI applications, and a new
logistics center are intended to make the company more future-proof.
"After the record year 2023, we have to cope with a revenue decline of over eleven percent in the difficult year 2024," emphasizes Johannes Maier, managing partner of Andreas Maier GmbH & Co. KG in Fellbach. "We could not fully compensate for the weakness in machinery and automotive construction through other business areas." We reach Johannes Maier by phone at the trade fair in Bangalore/India, which indicates the importance of the country for the medium-sized company.
Weak machinery and automotive construction – construction industry stable
In 2024, AMF achieved a revenue of 45 million euros and thus has to cope with a decline of 11.4 percent compared to the previous year. The decline was particularly drastic in the areas of mechanical engineering and automotive, in which AMF is among the technology and market leaders worldwide with its clamping technology and fixture construction. In trading goods with products such as screws and clamping irons, only a slight decline was recorded. And in the original area of the company founded in 1890, locks for construction projects in the outdoor area, the family business was even able to maintain sales figures.
Geographically, the figures vary significantly. While sales in Germany fell disproportionately sharply, the decline in EU countries with core markets France, Austria, and Italy, as well as in Switzerland, was less severe. In Eastern Europe, the figures remained stable, indicating that many companies have relocated their production to the East. Sales even increased in Turkey, which can be attributed to the large state investment program in the aviation sector. Outside of Europe, the USA and South America recorded slight growth. In China, business was significantly weaker, whereas India shows a positive development with growth just below expectations.
In 2025, AMF aims to return to a growth path
Despite massive cost-cutting measures, AMF has retained its core workforce. The traditionally high training rate also remained in 2024. With modern and flexible working models, the company wants to continue to be attractive to skilled workers. For 2025, Maier is cautiously optimistic. With process optimizations in production and a new state-of-the-art logistics center, which will be inaugurated in July, the company in Fellbach aims to resist further downturns despite gloomy economic forecasts. Investments in innovative AI applications are also intended to help. For the current year, the managing director aims for a turnaround to renewed growth and a revenue of 48 million euros.
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