Viessmann Group revenues up 19%


07 February 2023

The Viessmann Group has reported a 19% growth in total revenue to EUR 4 billion in 2022. In its 105th anniversary year, the company grew from 13,000 to 14,500 employees. 

Prof. Dr. Martin Viessmann, chairman of the board of directors of Viessmann Group, said: "2022 marked an important milestone in our company history, as we once again demonstrated what Viessmann stands for. In any challenge, we see an opportunity for positive change and growth. Today, Viessmann is very well positioned to make the best possible use of the once-in-a-century opportunities that lie ahead of us. We will continue to focus on accelerating the energy transition in the building sector, in order to make a measurable contribution in the fight against climate change."

Max Viessmann, CEO of the Viessmann Group, added: "In our 105th anniversary year, we have taken additional responsibility by facing crises and challenges. As enablers of the energy transition, we were able to expand our renewable, green climate solutions and broaden our ecosystem of co-creators on a global level. In addition to the responsibility for our own family members, we have also extended our social responsibility for those who are suffering most from the terrible war in Ukraine. We consistently follow our purpose – with everything we do: creating living spaces for generations to come."

The growth of Viessmann’s climate solutions division was accelerated in particular by the high demand for renewable technologies including heat pumps with natural refrigerants, biomass, solar thermal, electric storage, heat generators powered by green gases and liquid green fuels, as well as air purification solutions and digital services. 

In May 2022, the company announced its plans to invest EUR 1 billion in the expansion of green climate solutions. As a result, the company has expanded heat pump development capacity and almost doubled the number of employees in this area. Construction of a new heat pump site in Poland has started. 

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Last year, Viessmann launched a new generation of heat pumps, the Vitocal-150-A/-250-A, as well as the in-house developed VitoCharge battery storage unit* and a new Viessmann Invisible* compact packaging solution for heating and cooling technologies. 

Thomas Heim, CEO of Viessmann Climate Solutions, said: "Viessmann supports European climate targets to reduce CO2 emissions by at least 55% by 2030. An important pillar to reach this goal will be the total number of installed heat pumps in the future. We are therefore proud to have made tangible, solid steps forward in 2022, continuing our own transformation.”  

*These products will be available in the UK in 2024.