Harting
A record year
With an increase in sales of over 13%, the Harting Technology Group achieved double-digit growth in the 2017 / 2018 financial year. The Management Board draws a conclusion on the occasion of the annual financial statements.
With an increase of exactly 13.4%, the globally active family business achieved sales of € 762 million in the past financial year (previous year: € 672 million), setting another record in the Group's 73-year history. "This is a top performance that makes us proud," says CEO Philip Harting. According to him, the growth came from all regions and all markets. This means that the company has more than doubled its turnover in ten years: in the 2007/08 financial year, turnover amounted to € 345 million.
Growth in all regions
All regions in which Harting operates contributed to the positive result. The strongest growth was recorded in the Asia region with an increase of 18% to € 187 million (previous year: € 158 million). In Europe (excluding Germany) and the Middle East, known as EMEA, sales increased by 17% to € 263 million (previous year: € 225 million). In the Americas region, the Technology Group recorded an increase of 8% to € 79 million (previous year: € 73 million). Business also continued to develop positively in Germany. Here, Harting recorded an increase of 8% to € 233 million (previous year: € 216 million). The Technology Group now generates around 70% (69.4%; previous year: 67.8%) of its total sales abroad.
Optimistic behavior
Harting's financial year ended on September 30. Growth rates in the first few months of the new 2018 / 2019 financial year have now been weaker. "Growth has passed its peak," Philip Harting makes clear. The technology group is therefore only expecting an increase in turnover of just under 5% for the current 2018/19 financial year.
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