HARTING Posted the Highest Revenues in Its History
Driven by developments for Industry 4.0 and a clear growth strategy, HARTING posted the highest revenues in its history.
The HARTING Technology Group starts the 2014-15 fiscal year with a strong tailwind, as revenues rose during the past 2013-14 fiscal year (October 1, 2013 to September 30, 2014) by 13% to €547 million, the highest revenues in its history.
“The strong growth is spurring us on and acting as a motivational factor for the entire group. We are absolutely delighted,” said Philip F. W. Harting, senior vice president, connectivity and networks, as well and president and general partner. At the beginning of December 2013, Harting forecasted revenues of more than €500 million for the 2013-14 fiscal year.
Business performance was very strong in the individual regions in which the HARTING Technology Group operates. Only the EMEA region (excluding Germany) reflected marginal revenue growth. In contrast, revenues in Asia increased by 40% to €126 million from €90 million the previous year.
Europe, excluding Germany and the Middle East (EMEA), showed a slight 0.4% rise in revenues to €175 million while revenues in Germany climbed by 11% to €194 million. In the Americas, HARTING posted a 13% increase to €52 million. The HARTING Technology Group generated more than two-thirds of total revenues (64%) abroad.
“We aim to achieve customer proximity worldwide. That applies to all of our markets. We are focusing in particular on the Asian growth markets and above all on China,” said Harting.
In view of these growth opportunities, HARTING has set up new production facilities in China, Brazil, and Romania.
“These countries offer enormous future potential. We intend to expand HARTING’s global production network step by step,” said Torsten Ratzmann, senior vice president, logistics and production.
Solutions and Products
With new products and solutions, HARTING consolidated its market position as a research-led and innovative technology group with systematic customer orientation, introducing product innovations that provide customers with rapid access to the world of Industry 4.0 and unveiling customized solutions for the smart factory.
The HARTING Technology Group is driving technological advancement forward in the field of integrated industry in close collaboration with science. HARTING is developing solutions aimed at increasing the flexibility of production processes under the “FlexiMon” research project, which is part of the “it’s OWL” leading-edge cluster organized by the Federal Ministry of Education and Research within the framework of the 2020 High-tech Strategy for Germany.
Opportunities in Integrated Industry
Looking to the future, Harting acknowledged opportunities for the HARTING Technology Group as a result of the interconnected world of integrated industry. “Thanks to our expertise and innovative products, we believe we are in the position to drive technological advancement forward together with our customers,” he said. “However, this digital transformation does not just concern our products, as the company itself must also change and modernize.”