HARTING Technology Group achieves highest turnover in company’s history

The HARTING Technology Group in Espelkamp (Kreis Minden-Lübbecke) massively increased its turnover for trading year 2016/17. The family owned and managed global company saw a 14.7% in turnover, taking it up to €672 million (previous year: €586 million) – the highest figure in the company’s 72-year history. The increase exceeded the Management Board’s forecast at last year’s annual press conference in December 2016 by some way.

“We are really pleased with the growth in business”, enthused Company Chairman Philip Harting. “We are still on course towards becoming a global company. More than ever before, our success relies on our global corporate network of development, production and distribution companies. Customers see our products as some of the world’s best connectivity solutions and services in our industry.”

The transport technology, machine manufacturing and automation and robotics markets were the main drivers for turnover. All of the regions where HARTING has a presence contributed to the Group’s positive results. Turnover went up 12% in Europe (excluding Germany) and the Middle East (EMEA), reaching €225 million (previous year: €201 million). But the biggest increase was seen in Asia/Pacific and the Americas regions – each showing a 22% rise. Turnover went up to €158 million (previous year €130 million) in the Asia/Pacific region and €73 million in the Americas region (previous year €60 million). And business growth in Germany was also really positive. “I am particularly pleased that we have gained ground in our home market”, said the Chairman of the Board. At home, Technology Group turnover went up 11% to €216 million (previous year €195 million). The Technology Group generated two thirds of overall turnover outside Germany (67.8%, previous year: 66.7%).

The Technology Group is progressing its international growth strategy and extending its global production network, with new plants in Chennai (India) and Agnita (Romania). There was also major expansion in Sibiu. Components for charging points for electric cars are manufactured in Sibiu and Agnita.