20 per cent sales growth for Garmin in 2024 - smartwatches performed particularly strongly

20 per cent sales growth for Garmin in 2024 - smartwatches performed particularly strongly

Last year, total sales amounted to 6.3 billion US-$, up 20 per cent on the previous year. In Q4, the year-on-year increase was even 23 per cent (1.82 billion US-$). The operating result for the past year totalled 1.59 billion US-$ (Q4: 615 million US-$).

"We can also look back on the strongest year in our history in the DACH region. We were able to grow significantly in all segments, and our smartwatches, which are in high demand, played a key role in this very positive development," says Kai Tutschke, Managing Director of Garmin DACH, on the development in Germany, Austria and Switzerland.

"Our authentic focus on an active lifestyle clearly and sustainably differentiates us from other brands. We accompany people in their active lives. Being the brand of choice for more and more people makes us proud, but is also an incentive for the future."

About Garmin

Garmin is a leading active tech company. The company develops innovative products for people who lead an active life - from smartwatches, diving and cycling computers to cockpits for sports aircraft and radars for yachts. Founded in 1989 by engineer friends Gary Burrell and Min Kao in Olathe, Kansas, Garmin today stands for a broad, highly differentiated product portfolio in the outdoor, fitness, aviation, automotive and marine sectors.

Around 20,000 employees in 35 countries worldwide support customers in discovering their passions and living more actively, consciously and healthily every day in line with the motto "Beat Yesterday".

Garmin is represented in the DACH region with sites in Garching near Munich (D), Graz (A) and Neuhausen am Rheinfall (CH). Around 300 employees work there. The company also has its own research and development centre in Würzburg (D).

With a few exceptions, the development of the products and their entire technological ecosystem remains within the company - from the innovative sensor to the Garmin Connect app, from the idea, design and production through to sales and customer support.