GERMANY – Furniture hardware and fittings manufacturer Hettich Group, headquartered in Kirchlengern, Germany generated a turnover of € 975 million in 2017.

This represents an increase of 6.8 percent compared to last year (2016: € 913 million).

The family owned company doesn’t publish specific operating figures but Dr. Andreas Hettich, Chairman of the Management Board and managing partner shared that exports rose to 71 percent of turnover after accounting for 69 percent the year before.

Also in 2017, some € 116 million were invested in products, plant and buildings world-wide. Around the globe, the group employed an average of 6600 members of staff over the year. More than 3600 of these workplaces 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”, added Dr. Andreas Hettich.