According to the financial report for the first half of 2013, MANN+HUMMEL achieved a turnover of 1.35 billion euros in the first half of the year, an increase of 2.7% from 1.31 billion euros in the same period in 2012.
Manfred Wolf, executive president of MANN+HUMMEL, said: “Compared to previous years, our growth rate has slowed down, which is closely related to the development of the global automotive industry, as the automotive business occupies a large part of MANN+HUMMEL’s turnover. The proportion, but with the successive launch of new products, we will go against the trend and achieve orderly growth under difficult market conditions."
Changchun MANN+HUMMEL Fuwei Filter Co., Ltd.
Due to price and competitive pressures, MANN+HUMMEL’s profit in the first half of 2013 decreased in some areas with strong growth. This was mainly reflected in EBIT, which Mr. Wolf said was still lower than expected. At the same time, one-time acquisitions also have a certain impact on MANN+HUMMEL's profits.
In the Chinese market, MANN+HUMMEL continued to maintain its good growth momentum in the first half of 2013, with sales of more than 1 billion yuan, an increase of approximately 15% over the same period in 2012. At present, the company has established production bases in Shanghai, Changchun, Jinan, Liuzhou, and Handan.
At the just-concluded International Motor Show in Frankfurt (IAA), MANN+HUMMEL showed its latest R&D results, including: an intake manifold with a fully integrated intercooler and charge air line; sound application “has Source Noise Control (ANC); new air filter cartridge with variable paper deflection height; tertiary fuel filter cartridge; high-functional modular product line developed for low pressure exhaust gas recirculation (EGR) applications and the use of coalescing cartridges New type oil and gas separator.
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