kb-network    Statistics 08 Mar 2018

KBB exhibitor, Hettich UK, reports sales increase of 12.4% as global group hits €975 million

Hettich UK achieved a sales increase of 12.4% in 2017, showing a continued growth in market share for its core hinge and drawer products. This was part of an impressive group result, which saw global sales increase 6.8% to €975 million. Both the group and Hettich UK recorded increased growth compared with 2016’s already strong performance.

In 2017 Hettich’s business outside Germany rose to 71% of turnover, up from 69% the year before. While also in 2017, some €116 million were invested in products, plant and buildings world-wide. Around the globe, the group employed an average of 6,600 members of staff over the year, more than 3600 of whom were in Germany.

“Although turnover grew substantially last year, the operating result came under particular pressure from the sharp rise in material costs. The latest wage agreement in the metal industry is putting significant further pressure on costs and earnings,” said Dr. Andreas Hettich, Managing Partner and Chairman of the management board.

Hettich | hettich.com