GERMANY -The Hettich group of companies, one of the world’s largest manufacturers of furniture fittings with headquarters in Kirchlengern, Germany generated sales of € 1.1 billion in 2019. This represents an increase of 3.2 percent over 2018.
In 2019, over € 100 million were once again invested worldwide, as the company’s 72 percent of business came from abroad.
Around the globe, Hettich employed an annual average of 6,700 members of staff, with over 3,600 in Germany.
In view of widely varying business trends on the world’s markets, the new sales hike is significant. “Our dedicated team, working hand in hand with our customers and suppliers, has once again broken the one billion euro sales mark. We managed to achieve the further increase in 2019 because we strictly serve the needs of different markets and because the entire Hettich team pulls together worldwide”, says Sascha Gross, Managing Director of Hettich Holding.
Non the less the company recognizes that the effects of the coronavirus pandemic will have a significant impact on business performance in 2020.
In 2019 the Hettich Group once again invested around 10% of its annual turnover in the future. The investment focus was on the innovative AvanTech YOU drawer platform and on expanding production capacities in and for Asia’s growing markets – a further production facility with floor space of 28,000 sq. m. has just been opened in India at the Indore operating base.
