Financial year 2017
Hummel AG generates record sales
The company Hummel, manufacturer of electromechanical components from Denzlingen, achieved a turnover of 71.5 million euros last year. This corresponds to an increase of over 12%
With this sales growth, the company has grown "significantly faster than the industry as a whole", says Holger Hummel, who is the third generation of his family to run the owner-managed company as CEO. Last year, the medium-sized family business recorded its biggest growth in the circular connector segment. Here, demand for individual product lines increased by more than 20%. The reason, according to the company: Connection technology is considered one of the key technologies in the digitalization of production processes. Hummel offers intelligent solutions for the transmission of power, signals and data in industrial production.
The foreign markets also made a significant contribution to last year's sales growth. All subsidiaries were able to increase sales, and even Brazil managed to turn things around after years of crisis. Almost 600 employees work for the Group worldwide. Hummel has nine foreign subsidiaries, five of which also have production facilities. In addition, there is a global partner network to ensure that the products are available on all five continents.
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