Great progress – let’s keep going!
HOERBIGER generated sales of 1.416 billion euros in the past fiscal year and has thus grown profitably for three consecutive years. This success confirms the strategic course the company has taken and motivates the 6,174 employees around the world to rigorously pursue their growth ambitions.
By 2023, HOERBIGER was able to continue its profitable growth, advance pioneering innovation projects and move closer together as a Group in order to tap existing potential. The results are impressive: sales increased by around 12 percent to EUR 1.416 billion compared to the previous year. HOERBIGER is thus laying the foundation for its continued existence as an independent, healthy company and securing the liquidity to finance investments, acquisitions and research and development from its own earnings power.
Focus on megatrends and global growth markets
HOERBIGER is determined to continue its profitable growth and ongoing transformation in 2024. To do so, the Group is consistently pursuing a multi-pillar strategy so as not to be dependent on individual markets and business segments.
HOERBIGER must fundamentally transform its business in many areas in order to successfully contribute to the sustainable value creation of its customers in the future, as some of the traditional business areas in which the Group is currently active are undergoing fundamental change.
HOERBIGER is therefore focusing on megatrends such as emission reduction, sustainability and safety. At the same time, market shares in Asia and the emerging markets, particularly Latin America, are to be further increased. The focus also lies on global growth markets such as the semiconductor industry, the paper processing and wind power industries and medical technology.
Driving innovation forward
The existing product portfolio will be significantly expanded in the coming years. The corresponding innovation projects, which will continue to be driven forward across the Group in 2024, are the most important driver of HOERBIGER’s transformation and profitable growth. A key technology for HOERBIGER is hydrogen, which is being addressed by almost all divisions with new developments.
Planned acquisitions
In addition to organic growth, the Group plans to increasingly grow through acquisitions in 2024. Promising projects are underway in all Divisions and Business Units, poised to positively impact HOERBIGER’s positioning and long-term growth. Since the beginning of the year, two acquisitions have strengthened our existing business. Further acquisitions will enable the Group to enter adjacent and new business areas.
Yearbook offers insight and outlook
The yearbook published in May with the title “Great progress. And now?!!” provides a review of the 2023 financial year as well as further information on the growth strategy, innovation projects and the ongoing transformation process.
The yearbook also provides insights into the Group’s global presence: colleagues from all over the world and from all business divisions are portrayed in their day-to-day environment in eight group pictures They represent the 6,174 employees at 133 locations in 43 countries who make HOERBIGER’s success possible.
Here you can read the HOERBIGER Yearbook 2023/2024 online.