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Germany's Mann+Hummel achieves record high turnover of €4.8 bn in FY22

02 Jun '23
1 min read
Pic: Mann+Hummel
Pic: Mann+Hummel

Insights

  • In FY22, Ludwigsburg-based filtration company Mann+Hummel posted a record high turnover of €4.8 billion, up from €4.2 billion in the previous fiscal.
  • The company's EBIT was €176 million in FY22, compared to the EBIT of €191 million in the previous fiscal.
  • Furthermore, the EBITDA was €394 million in FY22, compared to €419 million in FY21.
Ludwigsburg-based filtration expert, Mann+Hummel, has posted a record-breaking turnover of €4.8 billion for fiscal 2022 (FY22), marking the highest in the company's 80-plus year history. This represents a significant increase from €4.2 billion reported in FY21.

While the company's earnings before interest and taxes (EBIT) amounted to €176 million, and earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached €394 million, both figures align closely with the levels of FY21, which recorded an EBIT of €191 million and EBITDA of €419 million. In FY22, the company’s EBIT margin was 3.7 per cent, Mann+Hummel said in a media release.

“The challenging year 2022 has once again shown that Mann+Hummel is crisis-proof and future-oriented at the same time,” said Kurk Wilks, President and CEO of the Mann+Hummel.

“In an environment that remains challenging, we keep on strengthening our international presence and continue on our path of sustainably transforming our organisation. With our absolute focus on filtration and separation solutions in the areas of transportation and life sciences and environment, we will be able to speed up and further solidify our transformation,‘’ said Emese Weissenbacher, chief financial officer and executive vice president.

Fibre2Fashion News Desk (DP)

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