GERMANY – The Häfele Group, international specialist in hardware fittings, electronic access control systems, and lighting for furniture and rooms, closed the year with global revenue up 22 percent with contributions coming from all parts of the business.

Headquartered in Nagold in Southern Germany and with 38 subsidiaries throughout the world, the company’s annual revenue increased by €308 million to €1.7 billion in spite of the extreme supply chain challenges experienced during what was the second year of the pandemic.

Increasing by 22.5 percent, the German-based business activities performed just as well as the Häfele Group’s foreign-based companies.

This time there are many factors for the company’s success during the reporting period, and Häfele’s presence in more than 150 countries gave it the necessary stability in terms of growth. There was particularly noteworthy performance recorded by North America, Southern Europe, the United Kingdom, India and China, all of which made above-average contributions to growth. In all of its six regions around the world, Häfele was able to even out the 2020 dent to its revenues, closing this year by out-performing its forecast.

Within the company it has been clear that the Group’s logistical strength and far-sighted warehousing strategy have created the foundations for ensuring the growth witnessed here. Häfele has successfully defied the continuing extreme challenges in its supply chain, not least by taking the early decision to increase its global stock levels by 20%.

During the current year, the company will be investing in productivity growth, and it will also commence a construction project at its Nagold base where plans entail more than just another new building. The idea behind the new Häfele Dynamics Centre is to combine the company’s positive view of a sustainable future with bold architecture, to make its philosophy one that can be seen and experienced.