ODU GROWS FURTHER IN 2015

For more than 70 years, ODU has been leading the way in high-performance connector technology for demanding applications. In 2015, the internationally active company managed to increase its turnover from 139 to 146 million euros, a growth rate of 5 percent. “We actually exceeded our original target of crossing the 140-million-euro threshold,” explains Dr. Joachim Belz, CEO at ODU. “We’re particularly pleased with this result considering the context of the global economy, which, on the whole, has cooled down quite significantly.”* In the US and China, ODU’s results came in above the expected industry average. This can be explained by ODU’s project-related business with application-specific products in the US as well as its highly successful business with local Chinese customers – where, against all economic trends, ODU even generated double digit growth. Thanks to ODU’s being active in several different application areas, from medical technology to eMobility, the specialist in electrical connector technology proved less susceptible to market fluctuations.