Total busniness volume

● Total business volume rises to €2115 million
● Solid growth in the contract research and defense research segments
● Relatively low capital expenditure on major infrastructure

Fueled by a consistently high demand for research and development services by customers in industry and the public sector, Fraunhofer’s total business volume showed solid growth, increasing by €55 million year on year to €2115 million. This sum includes personnel and non-personnel expenses recognized according to general accounting practice and capital expenditure on fixed assets as measured at the date of acquisition. The amounts recognized do not include depreciation or amortization charges.