Hummel is growing in all product segments
Hummel achieved sales of EUR 91 million in 2021 and thus increased the previous year's result (EUR 70.4 million) by around 30 percent.
"This is a very satisfactory result and we have even significantly exceeded our ambitious plans," summarizes Michael Nörr, CEO of Hummel.
At the Denzlingen and Waldkirch sites, the company produces cable glands and circular connectors for industry as well as components for heating and drinking water systems. The above-average growth is supported by all product areas. In the product line with the highest sales, cable glands, Hummel grew by 32 percent, with circular connectors it was 29 percent and the building services sector contributed to this record result with growth of 17 percent.
Hummel maintains ten branches and sales offices worldwide as well as a large network of trading partners. Geographically, too, all markets are showing above-average sales growth. In Europe, Hummel grew by 29 percent. Asia, with China as the most important market, is growing by 30 percent. North and South America contributed to the result with an increase of 41 percent.
"This is an excellent basis for 2022 and opens up sustainable growth prospects for us in the medium term," explains Michael Nörr. In the current financial year, it is now a question of securing this leap in growth. For this purpose, production capacities are increased and further investments are made in personnel. Hummel currently employs 601 people worldwide (2020: 575), 366 of them (2020: 362) at the two locations in Denzlingen and Waldkirch. And the trend is rising: there are currently more than 20 vacancies advertised on the company website, mainly in the commercial and technical fields.
