MANN+HUMMEL revenues rise to 2.6 billion Euro
Group revenues from filtration specialist MANN+HUMMEL amounted to approximately 2.6 billion Euro in 2012. Recording around 4% growth in sales, the company has performed well in difficult markets. On 31st December 2012, some 14,750 people were employed worldwide, an increase of around 400 from the previous year.
Preliminary results 2012
Ludwigsburg, 22nd January 2013 – MANN+HUMMEL has strongly affirmed its position in uneven and volatile markets. Global sales were approximately 2.6 billion Euro, which represents an increase of around 4% for the development partner and original equipment supplier to the international automotive and mechanical engineering industries (2011: 2.47 billion Euro). The organisation employed around 14,750 people last year, in Europe, North and South America and Asia (2011: 14,338).
‘I would like to thank all employees for their commitment in a difficult environment. We are satisfied with our sales and results’, said Alfred Weber, President & CEO. ‘Together, we have established many pre-requisites for a successful 2013, making us fit to tackle future challenges’.
There were already indications in the first half year 2012 that sales trends would be restrained. The double-digit growth of the previous year would not be achieved due to the uneven economic situation in most automotive markets. That notwithstanding, the independent US market research institute Freedonia confirmed in summer 2012 that MANN+HUMMEL was the market leader in filtration. In the total market for filtration applications world-wide, the institute places the filtration specialist in top position. It values the market at around 40 billion Euros and forecasts annual growth rates of approximately 7% up to 2020. Freedonia names the regions of Asia-Pacific, South America/NAFTA, the Middle East and Eastern Europe as the driving force for growth. MANN+HUMMEL is firmly established in all of the named growth regions.
Following publication of preliminary results, the company will continue tradition by releasing further details on business development at their annual results press conference in April.
The MANN+HUMMEL Group is a leading global expert for filtration solutions and development partner and original equipment supplier to the international automotive and mechanical engineering industries. Employing 14,750 people at more than 50 locations worldwide, the company achieved turnover of about 2.6 billion euros in 2012. The group’s product portfolio includes air filter systems, intake manifold systems, liquid filter systems, cabin filters and cylinder head covers made of plastic with many integrated functions for the automotive industry, as well as filter elements for vehicle servicing and repair. For general engineering, process engineering and industrial manufacturing sectors the company’s product range includes industrial filters, a series of products to reduce carbon emission levels in diesel engines, membrane filters for water filtration and filter systems.