Preliminary Results 2013: MANN+HUMMEL Sales Grow to 2.77 Billion Euros
6% growth in sales for 2013 (previous year: 4%)
LUDWIGSBURG, GERMANY--(Business Wire / Korea Newswire) January 22, 2014 -- MANN+HUMMEL (www.mann-hummel.com) performed strongly in 2013 despite the varying economic conditions.
According to preliminary financial results, sales for 2013 rose by around 6% from 2.62 (2012) to 2.77 billion euros. The number of employees increased to 15,100 in the previous financial year. The biggest increase in employees occurred in the North American and Chinese growth markets. The company will issue further details of its results (EBIT) at its financial press conference in April.
“Our hard-working, resourceful and motivated employees around the world have brought MANN+HUMMEL success through their commitment and passion,” says a delighted Alfred Weber, Chairman of the Management Board. “The improvement in results increased rapidly in the second half of the year, giving us a satisfactory end to the 2013 financial year.”
In 2014, the filtration market leader is seeking to exploit the improving economic environment to achieve further growth. In addition to further recovery in the automotive market, the Ludwigsburg-based company is expecting a significant upturn in the industrial sector.
The MANN+HUMMEL Group is a leading global expert for filtration solutions and development partner and original equipment supplier to the international automotive and mechanical engineering industries. Employing 14,575 people at more than 50 locations worldwide, the company achieved turnover of about 2.6 billion euros in 2012. The group’s product portfolio includes air filter systems, intake manifold systems, liquid filter systems, cabin filters and plastic sound components (known as ‘symposers’), as well as filter elements for vehicle servicing and repair. For general engineering, process engineering and industrial manufacturing sectors the company’s product range includes industrial filters, a series of products to reduce carbon emission levels in diesel engines, membrane filters for water filtration and filter systems. Further information about MANN+HUMMEL can be found under www.mann-hummel.com.
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This is a news release distributed by Korea Newswire on behalf of this company. Learn more