ODU announces €290m+ turnover in 2023

ODU has announced that in 2023 the company reached a €290 million + turnover, recording a small growth and outperforming the market.

In 2024, ODU is planning three major investments: In Mühldorf, a logistics centre is being built to speed deliveries to customers.

In Sibiu Romania, capacity is being expanded to meet increased demand and in Tijuana Mexico, a technology and plant expansion to strengthen ODU's position in the North American market.

Robert Klemisch, ODU managing director, said: "These investments are an important step in further expanding our global footprint and our ability to innovate in connector technology."

In 2024, ODU will continue to have a strong presence in the medical, measurement and testing, as well as military, communications, and security markets.

Dr.-Ing. Kurt Woelfl, ODU Management Board Spokesman said: "Despite the challenges in the automotive market, our products remain highly regarded, and ODU is known as a reliable partner. As a result, we are working on many new projects. These are time-consuming, require patience, but lead to success and the goal."

A statement from ODU reads: “We would like to thank our entire team for their tireless efforts and passion.

“We would like to thank our customers and partners for their trust and long-standing partnership. We will continue to work hard to exceed our customers' expectations and consolidate our leading position in the connector technology industry.

“Together, we look to the future with confidence, and we are convinced that we will continue to be successful in 2024. Thank you for your trust in ODU.”