Harting
Turnover increased to over 1 billion euros
The Harting Technology Group has exceeded the EUR 1 billion sales mark for the first time. The growth of 21.8% in the 2021/22 financial year came from all regions and markets. However, according to CEO Philip Harting, the coming year will be challenging.
"We have achieved our goals," said a delighted Philip Harting, CEO of the Harting Technology Group. A year ago, he had thought double-digit growth was possible. "Now we have delivered." Turnover jumped by 21.8% or 190 million euros to 1,059 million euros.
In addition to catch-up effects as a result of the coronavirus pandemic, the main growth drivers were the transformation in the industry, advancing digitalization and the development of energy-efficient production technologies and products. Growth came from all regions and markets. In Germany, the largest market, sales rose by 12% to € 270 million. The EMEA region increased sales by 17% to 373 million euros.
The Asia/Pacific region grew even more strongly by 25% to 269 million euros and the Americas by a whopping 57% to 147 million euros. The number of employees increased by 256 to 6446, mainly due to the expansion of the plants in Mexico, Romania and the USA. The number of employees in Germany remained almost constant (+ 0.5%).
Subdued outlook for 2022/23
Growth expectations for the 2022/23 financial year are much more subdued in view of the inflationary recessionary economic trend and shortages of materials and energy. The decisive factor will be how energy and material prices develop. These are weighing on the investment climate. The war in Ukraine, the tensions surrounding Taiwan and the glaring shortages of materials are doing the rest. "We expect a sideways movement and will have to work hard to confirm this year's result," says Philip Harting.
You might also be interested in
Billion-euro turnover confirmed, outlook clouded
For the second time, the Harting Technology Group generates sales slightly in excess of EUR 1 billion. The company anticipates a gloomy economic development for the current financial year.
read more...New Managing Director for Harting Customized Solutions
Jörg Scheer was appointed to the Management Board of Harting Customized Solutions on October 1, 2023.
read more...Why SPS 2022 - Why THE OFFICIAL DAILY
Long and eagerly awaited, it is gradually approaching: SPS 2022 in Nuremberg. Representatives of well-known exhibitors reveal why the trade fair is important to them and why the accompanying medium of the only official trade fair newspaper, THE...
read more...Space-saving plug connectors
The "Han 1A" plastic connector (pictured left) from Harting has a compact, robust and universally applicable rectangular connector system for transmitting data or signals in Industry 4.0.
read more...Computer&Automation Interactive
The new e-paper experience
Where print reaches its limits, our e-paper unfolds its full potential - true to the motto: pictures say more than 1000 words. Our e-papers now contain more information in the form of videos, GIFs, web links and picture galleries! See for yourself!
read more...The top articles in July 2024
Innovative spirit and entrepreneurial thinking characterize the most-read articles from July. Find out more about competitive advantages through AI, click through award-winning developments and read more about model-based design and quantum sensor...
read more...New management for Asia-Pacific business
Mabel Low takes over the position of Managing Director and Corporate Regional Manager at Harting Singapore Pte. Ltd.
read more...Establishment of global headquarters in Switzerland
The Harting Technology Group, a provider of industrial connection technology, has announced that it will be bundling supra-regional top management positions in Switzerland to drive forward global management.
read more...Connection technology for fuel cells
The Harting Technology Group presents connection technology for fuel cells and hydrogen production as well as the AI-supported development of connectors in order to actively shape the All Electric Society.
read more...