MANN+HUMMEL presents preliminary figures for 2016
Company looks to the 2017 financial year with optimism and energy.
Ludwigsburg, January, 31, 2017 – MANN+HUMMEL, the global filtration expert has today published preliminary key figures for the 2016 financial year. The company achieved a sales revenue of 3.5 billion euros in 2016 and met its July forecast. The Affinia Group, acquired in May 2016, contributed approximately 500 million euros to the sales revenue of the MANN+HUMMEL group.
"In 2016 we made some important strategic decisions. The successful acquisition of the Affinia Filtration Group and the restructuring of important production locations in Germany and Brazil will enable us to further improve profitability in the coming years. The fourth quarter of 2016 was positive in terms of sales revenue and earnings therefore we look forward to the 2017 financial year with optimism and energy", explains Alfred Weber, President and CEO.
The filter manufacturer will provide details of the result when the annual financial statement is presented. On May 10, 2017, MANN+HUMMEL will present its business figures at its annual financial statement press conference in Ludwigsburg, Germany. 2017 will be the first business year in which the Affinia Group is fully consolidated. In 2016, the new subsidiary achieved a sales revenue of approximately 760 million euros, however, only eight months of revenue can be apportioned to the MANN+HUMMEL Group.
In 2017 MANN+HUMMEL will further strengthen its competitiveness. This will be undertaken through a growth strategy to open up new markets and also through measures to increase efficiency. The sales revenue forecast for 2017 is expected to be similar to the previous year.
MANN+HUMMEL is a leading global expert for filtration solutions and development partner and series supplier to the international automotive and mechanical engineering industry. Employing approx. 16,000 people at more than 60 locations worldwide, the group achieved a sales revenue of approx. 3 billion euros in 2016 (preliminary figures). The acquisition of the Affinia Group now adds approx. 4,500 employees, about 10 locations and sales of roughly 800 million euros. The products manufactured by the group include air cleaner systems, intake manifold systems, liquid filter systems, cabin filters and plastic components for the automotive industry, and filter elements for the servicing of vehicles. For general engineering, process engineering and industrial applications the company's product range includes industrial filters, membrane filters for water filtration and filtration systems. Further information about MANN+HUMMEL is available at www.mann-hummel.com