Harting Technology Group On Growth Track

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Revenues increase to € 484 million

Harting Technology Group On Growth Track
Harting Technology Group On Growth Track

The Harting Technology Group in Espelkamp (Minden-Lübbecke district) posted revenues of € 484 million (previous year: € 479 million) for the 2012/2013 financial year (October 1, 2012 to September 30, 2013), marking the highest revenue achieved in the company's history.
"This result is entirely in line with our expectations", remarked CEO Dietmar Harting at the press conference of the annual financial statements on December 6, 2013 in Espelkamp. Business performance varied in the individual regions in which the Harting Technology Group operates.

Positive results were achieved in the Asian region. Revenues here rose by 9.8 percent to € 90 million (previous year: € 82 million). Europe (excluding Germany), Middle East and Africa, the region EMEA, also showed revenue growth. Revenues climbed by 2.4 percent to € 174 million (previous year: € 170 million). In contrast, revenues in Germany contracted slightly, coming in at € 174 million (previous year: € 177 million). The Espelkamp-based family owned and managed company had an 8 percent decline in revenues to € 46 million in the Americas compared to € 50 million in the previous year. The Harting Technology Group generated over two-thirds (64 per cent) of its revenues outside of Germany. "We will focus even more intensively on the Asia region and primarily China. We aim to achieve greater proximity to the growth markets and our key customers here. Consequently, we will also continue to invest in this region", said Philip F.W. Harting, Senior Vice President Connectivity & Networks.

The family company also announced positive numbers in terms of headcount - the number of employees (including apprentices) stood at 3,815 at the end of the financial year (previous year: 3,615). This means that the Harting Technology Group has taken on 200 new employees worldwide within the course of a year. Of these 200 jobs, a total of 78 (plus 4.8 percent) were created abroad and 122 (plus 6.2 percent) in Germany.

Posted on December 23, 2013 - (134 views)
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