Häfele Group witnesses increasing revenue of 3.1 percent

Published on : Monday, March 6, 2017

hafeleThe international Häfele Group for hardware technology and electronic access control systems generated a revenue of 1.311 billion Euro in the past year (2015: 1.271 billion Euro). This corresponds to an increase of 3.1%. “When adjusted for currency effects, the increase was actually 6.1%. In light of the general global conditions in 2016, this is a most welcome success,” says Sibylle Thierer, head of the executive board (CEO).

 

37 international subsidiaries (+3.2%) as well as the parent company and six production factories in Germany and Hungary (+3%) all contributed equally to this growth in revenue. Nearly all the markets had a positive development and, accordingly, were able to increase their revenues. The USA, India and Asian markets recorded above-average growth rates.

 

The number of the company’s employees worldwide has increased by 200 to reach 7,300. In Germany, it remained unchanged at 1,600. The Häfele parent company enlarged their training offer in Germany by twelve apprenticeships for young refugees from nine countries. At a visit in Nagold, Häfele has been recognised by Detlef Scheele, designated head of the Federal Employment Agency (Bundesagentur für Arbeit), as a national example in the matter of occupational integration.

 

Häfele generates 79 percent of its revenue outside of Germany

With 37 international subsidiaries and numerous other sales organisations worldwide, Häfele operates in over 150 countries. Today, the company generates 79 percent of its revenue outside of Germany. The products and services of the corporate group are used by the world’s leading furniture manufacturers, architects and planners, joiners/cabinet makers and dealers. Own house assortments that are tailored to specific markets and available worldwide are manufactured in Häfele’s production facilities or at one of the locations of their 1,500 partners spread around the globe.

 

Over the past year, Häfele has invested 35 million Euros with the aim of interlinking the various markets.

 

hafele 2Outlook for 2017

The corporate group projects good market opportunities despite the many trouble spots around the world. “We are anticipating a mid-single digit increase in revenue,” says Sibylle Thierer. The amount of investment of the Group for 2017 will be approximately 40 million Euros. Risks continue to be seen in the volatile foreign exchange and commodity markets as well the growing number of trouble spots.


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