Harting Technology Group
Highest turnover in the company's history
The Harting Technology Group, based in Espelkamp, East Westphalia, achieved a turnover of 672 million euros in the 2016/2017 financial year. This is the highest figure since the 72-year-old family business was founded.
The 2016/2017 turnover corresponds to an increase of 14.7% compared to the previous year. According to Harting, the main sales drivers were the market segments of transportation technology, mechanical engineering, automation and robotics. All regions contributed to this: In Europe (excluding Germany) and the Middle East (EMEA), sales grew by around 12% to EUR 225 million. The strongest growth was recorded in Asia/Pacific and the Americas region with 22% each: In Asia/Pacific, sales jumped to 158 million euros, and in the Americas region to 73 million euros.
Business in Germany also developed very positively. "I am particularly pleased that we have made up ground in our home market," said CEO Philip Harting at the technology group's annual press conference. In Germany, Harting recorded an increase in sales of just under 11% to € 216 million. The Technology Group already generates a good two thirds (67.8%, previous year: 66.7%) of its total sales abroad.
The number of employees, including trainees, rose to over 4,600 in the course of the 2016/2017 financial year, which corresponds to an increase of 8.2%. 104 new jobs were created in Germany and 249 in the foreign production facilities and subsidiaries. 2,500 people were employed at the German sites in Espelkamp, Minden and Rahden on September 30, 2017, and 2,139 abroad.
The Harting Technology Group has a "good gut feeling for the new financial year, as the order situation is good," says Philip Harting. He anticipates an increase in turnover of 5 to 6% for the current 2017/2018 financial year.
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