Hettich generates €1.1 billion sales in 2020

Furniture fittings manufacturer the Hettich Group has generated sales of around € 1.1 billion in 2020, despite the coronavirus pandemic.

24 Mar, 21

Furniture fittings manufacturer the Hettich Group has generated sales of around €1.1 billion in 2020, despite the coronavirus pandemic.

Hettich generates € 1.1 billion sales in 2020

Managing director of Hettich Holdings Jana Schonfeld

 

In the 2nd quarter of 2020, Hettich reported its sales initially took a “sharp” dip in the wake of global lockdowns and retailers forced to close.

However home improvements, greater DIY activity, more home working as well as the rediscovered home defined the second six months and grew sales for the company.

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It means the company achieved around the same level of sales as the previous year, with 70% of its business from exports.

In 2020, the Hettich Group invested € 72 million into new products, expanding capacity and developing infrastructure.

It expanded production facilities in Germany, the Czech Republic and China.

HettichXperiencedays is showcasing the company’s new ideas and concepts and the hybrid event, which is now live, will be on and offline for several weeks to come.

Register online as a trade visitor on the web portal to take full advantage of the HettichXperiencedays lineup.

Managing director of Hettich Holding Sascha Gross explained: “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”.

Managing director colleague Jana Schönfeld, of Hettich Holding, added: “Tremendous dedication and commitment on the part of the global Hettich team put 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 currently employs over 6,600 members of staff around the globe, with more than 3,500 of them in Germany, and each received a COVID bonus at the end of the year.