MANN+HUMMEL has achieved strong growth in global performance over the industry in 2010

MANN+HUMMEL 's sales in fiscal 2010 increased by 30.4% (24.6% after eliminating the impact of monetary factors), and according to the statistics of VDA (German Automobile Industry Association), the global automobile industry only increased by about 8%. At the same time, MANN+HUMMEL’s EBIT rose from 23 million euros in 2009 to 149 million euros in 2010; ROCE (useful return on capital) increased from 3.9% in 2009 to 25.6% in 2010 . As of the end of 2010, MANN+HUMMEL had 13,201 permanent employees worldwide, an increase of 12%.

Photo of MANN+HUMMEL management

Mr. Alfred Weber, President and CEO of MANN+HUMMEL Group stated: "Since 1999, we have maintained an average annual sales growth rate of 9.1%. In the 70 years of successful development of MANN+HUMMEL, 2010 It was the most successful year.Last year, we produced more than 400 million filter elements, equivalent to more than 25 pieces per second.This is not surprising, because MANN+HUMMEL's products are almost matched to all cars and trucks worldwide. This impressive performance was achieved through hard work.Our employees showed great determination and aggressiveness, achieving a record performance of MANN & HUMMEL.Although this year's growth rate may slow down compared to last year, but We are still working hard for success in 2011."

To increase efficiency and enhance competitiveness, MANN+HUMMEL has optimized processes and procedures. In 2010, the company focused on key issues such as corporate culture, production/logistics, and strategy, setting three goals to be achieved by 2018. First, sales increased to 3.4 billion euros. Second, diversification was achieved, bringing the sales of non-automotive, automotive OE and automotive aftermarket sectors to one-third of total sales. Third, achieving all regions Growth, especially in Asia and the Americas, including North America and South America, such that European sales can account for 50%, Asia, the Americas each accounted for 25%. MANN+HUMMEL will achieve organic growth through acquisitions.

MANN+HUMMEL invests approximately 4% of its annual sales in R&D, which is higher than the regional average. Part of this budget is used for concept development, product production, and alternative drive vehicle technology development. The company is currently developing ten projects in the electric vehicle domain. At the same time, MANN+HUMMEL's filtration specialists continue to focus on the optimization solutions for internal combustion engines, which will continue to be the basis for personal and commercial mobility for many years to come. The focus of R&D has always been on providing sustainable, environmentally friendly products. People-oriented and environmental protection are important corporate values ​​of MANN+HUMMEL.

In 2010, MANN+HUMMEL also continued its strong growth in the Chinese market. It not only set up factories in Jiading and Jinan, but also expanded its product portfolio and launched a series of new products, including acoustic devices for air filtration systems. In October last year, MANN+HUMMEL signed two cooperation agreements with Tongji University to establish a joint laboratory of air and heat management technology for new energy vehicles in cooperation with Tongji University and launched the “Engineering Training Academy” project to recruit 15 graduates to better reserve technical R&D talent.

About MANN+HUMMEL Group

The MANN+HUMMEL Group is dedicated to the development and supply of original ancillary equipment for the international automotive and construction machinery industries. Currently, the MANN+HUMMEL Group employs approximately 13,200 people in 41 regions around the world. In 2010, the company's turnover exceeded 2.18 billion euros. In the automotive industry, MANN+HUMMEL products include multifunctional plastic air filtration systems, intake manifold systems, liquid filtration systems, air conditioning filters and cylinder head covers, and filter cartridges for after-sales service and maintenance of vehicles. In general engineering, process engineering and industrial manufacturing, MANN+HUMMEL's product range includes industrial filters, a range of products that reduce the carbon emissions of diesel engines, membrane filters for water treatment, filtration systems, and material handling systems. equipment.