Strong revenue drives HARTING's growth

January 13, 2015 2:38 pm

 The HARTING Technology Group in Espelkamp has started the 2014/15 financial year with a strong tailwind. Revenues rose during the past 2013/14 financial year (October 1, 2013 to September 30, 2014) by 13 per cent to € 547 million (previous year: € 484 million).
“The strong growth is spurring us on and acting as a motivational factor for the entire Group. We are absolutely delighted. This is a result that we predicted at the last annual press conference. We have therefore delivered,” remarked Philip F. W. Harting, Senior Vice President Connectivity & Networks as well and President/General Partner. At the beginning of December 2013, the HARTING Senior Vice President forecasted revenues of over € 500 million for the 2013/14 financial year. Business performance was very strong in the individual regions in which the HARTING Technology Group operates. Only the EMEA region (excluding Germany) reflected marginal revenue growth. In contrast, revenues in Asia increased by 40 per cent to € 126 million (previous year: € 90 million).
Europe – excluding Germany and the Middle East (EMEA) – showed a slight 0.4 per cent rise in revenues to € 175 million (previous year: € 174 million). HARTING’s revenues in Germany climbed by 11 per cent to € 194 million (previous year: € 174 million). In the Americas, the Espelkamp-based, family-owned company posted a 13 per cent increase to € 52 million (previous year: € 46 million). The HARTING Technology Group generated over two-thirds of total revenues (64 per cent) abroad. “We aim to achieve customer proximity worldwide. That applies to all of our markets. We are focusing in particular on the Asian growth markets and above all on China,” said Philip F. W. Harting.
Many emerging countries have to expand their infrastructure to keep pace with population growth. Connectors are needed for every new house as well as for every new factory, every school, local authority, every hospital and every elevator. “Connectors offer various advantages over fixed connections. Any interconnection can be set up via a fixed cable but it is easier, more flexible and more cost-effective over the long-term to use connectors. Consequently, each and every network is a gift for HARTING,” underlined Philip F. W. Harting.
In view of these growth opportunities, HARTING has set up new production facilities in China, Brazil and Romania.