Harting: 'Successful' 2007/2008 Business Year

The Harting Technology Group, headquartered in Espelkamp, in East Westphalia, Germany, has once again concluded a very successful business year on September 30, 2008. The company succeeded in advancing sales from EUR 345 million in the prior year to a total of EUR 385 million, representing sales gains of 11.7%. In this context, currency fluctuations were especially tangible; based on steady exchange rates the increased sales would have amounted to just under 14 %.

Dietmar Harting, personally liable partner of the Harting Technology Group, sums up the results as follows: “In aiming for double-digit growth we set some ambitious targets, and we have not only attained our goals, but even exceeded them. With their strong commitment and dedication, our employees worldwide have contributed to this performance.“

Harting recorded "very gratifying, above average sales gains on the Asian markets". Following on EUR 51 million in the 2006/2007 business year, Harting achieved sales of EUR 60 million on concluding the 2006/2007 business year, representing an increase of 17.7 %. In order to meet continuously rising demand in Asia, Harting established its own manufacturing facility in Zhuhai (China) that was commissioned in October 2007. In the past business year, the Asian sales network was also expanded: additional sales offices in China, Vietnam, Korea, Australia and India opened their doors.

Philip Harting, who headed the expansion of Harting’s Asian business activities from 2005 to 2008 on location, commented: “Our company’s Asian activities are currently showing excellent developments. This is decisively driven by the quality of our products and the closeness to customers that we have built throughout Asia. We will continue this course and are pursuing the clear aim of attaining a market leading position here too.“