# Phoenix Contact plans extensive investment program for medium to long-term growth

Phoenix Contact announced plans for an extensive investment program for medium to long-term growth, despite a forecasted 2% revenue decline to EUR 3.5 billion in 2023. The company's products focus on electrification and automation.

- Type: Investment
- Announced: 2023-12-18
- Status: announced
- Products: electrification products, automation products
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Phoenix Contact](https://endata.com/companies/17065.md)

## Sources

- [prnewswire.com](https://www.prnewswire.com/ae/news-releases/phoenix-contact-plans-an-extensive-investment-program-for-medium-to-long-term-growth-302007774.html), 2023-12-18: "Phoenix Contact plans an extensive investment program for medium to long-term growth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.