Piab Group - the worldwide frontrunner in industrial automation solutions

Activities during Q1, 2024

  • Organic sales declined by 3 percent in constant currency. 
    Vacuum Automation and Vacuum Conveying were stable, 
    while Lifting Automation declined. Regionally, EMEA and 
    Americas contributed to the decrease.
  • The EBITA margin decreased from last year, primarily driven 
    by investments in R&D and the commercial organization, 
    partly offset by a higher gross margin.
  • The suction cup range BXP, developed specifically for picking 
    and lifting objects with uneven or porous surfaces, was 
    expanded.

Piab Group in facts

3 bn SEK turnover
1200+ employees
25+ sales offices throughout the world
900+ partners globally
4 divisions
100 countries presence
HQ in Danderyd, Sweden

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