Austrian technology company Fronius announces major sales growth

Fronius is an Austrian based technology company that designs and manufactures battery charging systems and electronics for the solar industry. Announcing its 2010 financials, the company attributed part of its impressive sales to the growth in the solar industry. Fronius recorded sales of €499 million in 2010 ($722), an increase from €329 in 2009 ($476).

"This remarkable year is attributable to the global recovery in the automobile industry and the marked growth of many solar markets," explained Otto Schuster, director of sales and marketing. Fronius also took an additional 600 staff in 2010. It now employs 3,250 people.

As almost 95 percent of Fronius’ sales are in the form of exports, the company has expanded into global markets, opening subsidiaries in Australia, the U.K. and Turkey. Production and logistics facilities in upper Austria were expanded in 2010 and a regional head office in France is being built. Czech Republic production facilities are also being expanded by Fronius and it is building a solar inverter facility in Canada.

Research and development continues to be an important factor for Fronius and it has increased the number of employees working in this area by 10 percent.

Looking forward, Fronius expects to further expand the sales network and will look to strong sales in solar electronics supply in the latter stages of 2011. "We expect strong second half figures for the Solar Electronics division, as the governments in key markets such as Italy and Germany have given the green light for new photovoltaic funding models," said Schuster.