March 26, 2021
German furniture fittings specialist Hettich has reported sales of €1.1 billion (£940 million) – more or less equalling 2019 despite the coronavirus pandemic.
In Q2 of 2020, Hettich said that sales initially took a sharp dip in the wake of global lockdowns, where retailers were forced to close. The second half of 2020, however, left Hettich “on a high” as new trends – for home improvements, greater DIY activity, and more people working from home and rediscovering “the ambience of the kitchen” – boosted demand.
Hettich said that China’s economy was particularly quick to recover from the pandemic.
The company, based in Kirchlengern in Germany, had sales of around €1.1bn for 2019, which was up 3.2% on 2018.
Around 70% of Hettich’s sales for 2020 were outside of Germany. The company now employs in excess of 6,600 staff around the globe, with more than 3,500 of them based in Germany.
Commenting on the results, joint managing director of Hettich Holding, Sascha Gross, said: “Despite furlough, lockdowns in many countries and delayed impacts on supply chains – our primary aim was always to maintain deliveries to our customers in the manner to which they are accustomed.”
Joint MD Jana Schönfeld added: “Tremendous dedication and commitment on the part of the global Hettich team stood us in great stead to ride out the volatile business environment we were seeing last year. We are so grateful to all colleagues and share a sense of pride in what we have achieved.”
Hettich Group also invested a total of €72 million during 2020, with a focus on new products, expanding capacity and developing infrastructure. It expanded its factories in Germany, the Czech Republic and China.
For 2021, Hettich launched its Hettich Experience Days this month – a hybrid event that will take place online and off-line across the globe for several weeks to come, which will showcase new ideas and concepts on every global megatrend.
Have something to say? Email the editor