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Viessmann Group achieved record revenues of EUR 4 billion and growth of +19 percent in 2022Viessmann Group achieved record revenues of EUR 4 billion and growth of +19 percent in 2022
08 February 2023

Viessmann Group achieved record revenues of EUR 4 billion and growth of +19 percent in 2022

The Viessmann Group successfully continues its growth track in the 2022 fiscal year. In its 105th anniversary year, the family company increased its total revenue to EUR 4 billion. This corresponds to an increase of +19 percent compared to total revenue of EUR 3.4 billion in the previous year. Despite the crisis, the total number of employees grew from 13000 in the previous year to a total of 14500. 

Viessmann Climate Solutions

The largest business area within the Viessmann Group successfully continued its transformation into a leading provider of integrated climate solutions in the past fiscal year. The growth of Viessmann Climate Solutions was accelerated in particular by the high demand for sustainable climate solutions that are based on renewable energies. These include heat pumps with natural refrigerants, biomass, solar thermal, electric storage, green gasses, and liquid green fuels, as well as air purification solutions and digital services.

In May 2022, the family company announced its plans to invest EUR 1 billion in the expansion of green climate solutions. Consequently, the business area expanded its development capacities for heat pumps and almost doubled the number of employees in this area. Further central components of the family company's green climate solution offensive include the launch of the new heat pump generation Vitocal-150-A/-250-A, the development of an own in-house VitoCharge battery storage unit, the new Viessmann Invisible compact solution, and the construction start of a new heat pump site in Poland.

From an organizational aspect, the business area has lined up a new five-member management team in 2022, led by CEO Thomas Heim. 

Thomas Heim, CEO of Viessmann Climate Solutions: "Our climate solutions support the European climate targets to reduce CO2 emissions by at least 55 percent by 2030. An important pillar to reach this goal will be the total number of installed heat pumps in the future. In light of this important mission, we are proud to have successfully continued our own transformation in 2022, setting the way forward. The visit of the German Chancellor Olaf Scholz at our headquarters last year underlined that we are on the right track.” 

Viessmann Refrigeration Solutions

The family company's refrigeration solutions business made a positive contribution to the Group's successful overall development in 2022. Key business drivers were intelligent cooling solutions based on heat pump technology and efficient nano-cooling solutions for urban areas. The company’s highly advanced clean room solutions, which are mandatory for the production of new batteries and microchips, provide the right foundation for many customers who are fighting against global challenges such as disrupted supply chains and the energy transition. 

Frank Winters, CEO of Viessmann Refrigeration Solutions: "In the past two years, we have taken major innovation steps to focus on energy efficiency and sustainability for our customers. We will continue to follow this path consistently in 2023, opening up new growth markets through strong partnerships – also beyond European borders." 
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