Our revenue growth accelerated in 2015.
Ludwigsburg (PRWEB) February 01, 2016
According to preliminary figures, MANN+HUMMEL increased revenue by eight percent to 3.0 billion Euro in the fiscal year 2015 (2014: 2.8 billion Euro). Currency effects contributed positively to this revenue growth. Thereby, the company further expanded its position as a leader in filtration in the international automotive and engineering industries.
The filter manufacturer will provide additional information on earnings when presenting the annual report. Due to the conversion to international financial reporting standards (IFRS), MANN+HUMMEL will not present its audited figures before July 2016.
“Our revenue growth accelerated in 2015. Despite the difficult market situation in Brazil, Russia and China, the development of our core business has been satisfactory,” says Alfred Weber, President & CEO.
In 2016, MANN+HUMMEL will pursue its growth strategy and strengthen its brand image. It is the year of its 75th anniversary.
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 16,000 people at more than 60 locations worldwide, the company achieved sales of about 2.8 billion euros in 2014. The group’s product portfolio includes air filter systems, intake manifold systems, liquid filter systems, cabin filters and technical plastic parts, as well as filter elements for vehicle servicing and repair. For mechanical engineering, process engineering and other industrial applications, the company’s product range encompasses industrial filters, a series of products to reduce carbon emission levels in diesel engines, membrane filters for water filtration and filter systems. Further information about MANN+HUMMEL can be found at http://www.mann-hummel.com