Mayer & Cie Exudes Optimism For 2018 Financial Results

Company Performance

Mayer & Cie Exudes Optimism For 2018 Financial Results

Mayor & Cie sounded an optimistic note about their financial performance for the year 2018. Spokesperson Benjamin Mayer said that the target should be on par with that set for 2017 at 110 million Euros. He expressed the confidence that this target can be achieved by the company. has now set himself last year’s EUR 110 million sales target for 2018 and is confident that it can be achieved. This is in wake of the Mayer Group falling short of its previous year’s target and achieving a sales figure of 105 Euros in 2017.

Benjamin said that the financial year 2018 has begun with a bang for the company and the order intakes are appearing stable to support the initial results. He expressed the sentiment that the company will be in a position to face new challenges in the current year with the backlogs of the previous year in the process of being cleared out.

Right now the company is saddled with the sale of braiding machines which is slated to be a successful product of its sister company that is US-based, Mayer Industries. The sister company which is based in South Carolina was a subsidiary that was founded in the early 1970 by Mayer & Cie, the parent company. The machines are to be made in 2019 in Albstadt-Tailfingen. The infrastructure will be in place by next year.

In the recent past the company’s 2017 targets fell short because they were updating a complex ERP system that came into functionality during the course of the year. In short it was a changeover of the ERP system.