MANN+HUMMEL sales increased by 30% over 2010

German auto parts supplier MANN HUMMEL has stated that the company’s sales in fiscal 2010 increased by 30.4% (24.6% after eliminating the monetary factors), according to VDA (German Automotive Industry Association) According to statistics, the global auto industry only grew 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%.

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."

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.