Stiebel Eltron in the crisis: Several hundred places fall away!

Stiebel Eltron in the crisis: Several hundred places fall away!

In Holzminden it is bubbling: The heat pump specialist Steibel Eltron must accept massive incisions due to a dramatic decline in the heating market. The company's turnover is expected to drop by 25 percent for the current year, while sales of heat pumps in Germany broke up by alarming 54 percent in the first half of the year. This situation was tightened by uncertainties about the heating law and the increased conversion costs for consumers. In order to stabilize the economic situation, the corporate management has already introduced cost reduction measures and short-time work, reports the Merkur , experts could be the case that the heat pumps may have put additional pressure on the industry.

In addition, Stiebel Eltron also faces challenges through declining construction activities and a stagnating market. The efforts to drive a sustainable switch to renewable energies could be further difficult by communication problems and uncertainties in the political landscape. It remains to be seen how the situation will develop and whether the strategy for reducing costs and market orientation will be fruited in the coming time.