Mann+Hummel records sales of Euro 2.8 billion for 2014 – up 8.9%, adjusted for FX




LUDWIGSBURG, GERMANY, March 31, 2015-

MANN+HUMMEL Group, based in Ludwigsburg, Germany, recorded sales of 2.8 billion euros in 2014, an increase of 120 million euros - or 4.5 percent in nominal terms - on the previous year (2013: 2.68 billion euros). When adjusted for exchange rate effects, the increase in sales amounts to 8.9 percent. The operating margin (EBIT) after extraordinary expenses was 5 percent (2013: 5.6 percent). Acquisitions saw the workforce increase by 769 to 16,000 employees worldwide. As was previously the case in 2012, independent US market research institute Freedonia once again confirmed the company's position as global market leader in filtration in 2014.

Alfred Weber, President and CEO of MANN+HUMMEL, describes the company's overall result for the year as "solid". "Our core business performed entirely satisfactorily. Despite some negative exceptional factors affecting earnings, overall team performance was solid." Weber thanked the workforce, which currently stands at almost 16,000 employees at more than 60 locations worldwide, for their outstanding commitment and their contribution to the company's success.


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