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HARTING defies the crisis – continuous growth in Asia
Release date：2010/1/19
Espelkamp, December 3, 2009 --- On September 30, 2009, the HARTING Technology Group, headquartered in Espelkamp in Eastern Westphalia, Germany, concluded a financial year that was characterized by the effects of the global financial and economic crisis.
The company generated global revenue totaling �� 325 million, reflecting a year-on-year decline of a good 15 %. As a consequence, HARTING performed significantly better than sector forecasts had projected. The company's beneficial strategic position and its broad customer base in all areas of industry, as well as a sound order book position in segments such as renewable energies and rail infrastructure, made significant contributions.
Dietmar Harting, personally liable partner of the HARTING Technology Group, commented as follows: "This is by no means the first recession that I have experienced, but it was, and is, the most serious. Our rapid response to the overall conditions, and the flexibility with which we manage our companies, factors that are demanded of us in this context, are decisive in determining the long-term future of our company. We reacted at a very early stage."
Revenue at the HARTING Technology Group fell last year, mainly due to the sharp declines in the machine building, automation and the industrial devices areas. At �� 118 million, sales in Germany were down by around 19 % compared with the previous year. In Europe too, sales fell by around 20 % to �� 116 million. An approximately 13 % decline in the Americas resulted in revenue of �� 25 million. Contrary to the global trend, HARTING expanded its sales in Asia by a good 3 % to total �� 64 million. This is mainly thanks to excellent sales in the growth markets of China, which more than offset the decline in Japan.