The Viessmann site in Allendorf (Eder) with around 4500 employees.

• Shift towards Integrated Solutions pays off
• EUR 3.4 billion in sales in 2021
• Overall +21% versus 2020
• Heat pumps with strong growth of +41%

The Viessmann Group will invest EUR 1 billion in the next three years to extend its heat pump and green climate solutions portfolio. The investments are targeted to expand the family company’s manufacturing footprint and R&D labs, thereby also strengthening Europe’s geopolitical energy independence.

Prof. Dr. Martin Viessmann, Chairman of the Board of Directors of Viessmann Group: 
“For more than 105 years, our company has been a family for positive change with a clear focus on energy efficiency and the development of new technologies such as the first heat pump generation in 1979. Our historic investment decision comes at a time where we build the right foundation for the next 105 years – for us and, even more important, for generations to come.”

Max Viessmann, CEO of Viessmann Group: 
“Unprecedented geopolitical developments need unprecedented replies. We all need more speed and pragmatism in order to fight climate change and to re-think energy generation and use of tomorrow, in order to strengthen Europe’s geopolitical independence. Consequently, we are now accelerating our growth with dedicated investments in heat pumps and green climate solutions. At Viessmann, all 13,000 family members are relentlessly committed to co-creating living spaces for generations to come.”

Group: Strong Growth in 2021 Fuelled by Heat Pumps and Green Climate Solutions

The latest business development of the Viessmann Group underlines the strong product-market-fit in its green climate solutions. Despite negative effects from the corona pandemic and challenged global supply chains, the family business successfully managed to grow significantly in another year of crisis. The group’s total revenue in 2021 reached a new record high of EUR 3.4 billion (previous year: EUR 2.8 billion). The significant growth rate of +21 percent was especially driven by an increasing demand for premium heat pumps which jumped +41 percent.

Dr. Ulrich Hüllmann, CFO of the Viessmann Group: 
“Our outstanding financial performance underlines our commitment to profitable growth and our strategic target picture for 2025. The course we have taken since, keeps paying off – despite multiple global challenges.”

Group & Foundation: Viessmann Family with Responsibility and Solidarity in Crisis

In light of the brutal attacks from Putin in Ukraine which started on 24 February 2022, and despite negative effects on the Eastern European business, the global Viessmann family keeps showing strong solidarity. Within a few weeks only, the company organized transportations, accommodations, medicines, material donations and new jobs for Ukrainian people seeking refuge in the Viessmann facilities in Poland, Rumania, Hungary, Slovakia and Germany. Additionally, all family members across the globe collected donations, which were doubled by the Viessmann Family Foundation, reaching a total over EUR 1.2 million, dedicated to support social and charity organizations.

Frauke von Polier, Chief People Officer of Viessmann Climate Solutions: 
“The great solidarity and team-orientation we have witnessed in the last years, and especially in the last few weeks are simply overwhelming. This sense of responsibility signifies our strong culture – ultimately the greatest competitive advantage in a dynamically changing world.”