Mann + Hummel Iberia gained 10.3 million in 2016, down 14.8%Automotive News
Vehicle component manufacturer Mann + Hummel Ibérica closed last year with an operating result of 10.3 million euros, which is a decrease of 14.8% compared to the data of the previous year, according to data published by the business.
Last year, the company generated revenues of 136.7 million euros, which translates into a decrease of 4.2% when compared to the 12.1 million euros Previous year.
Likewise, the vehicle component manufacturer posted a return on sales of 7.5% at the end of last year, a reduction of one percentage point from the 8.5% achieved in 2015.
The general manager of Mann + Hummel Ibérica, Javier Sanz, was satisfied by the annual results of the firm and noted that during 2016 managed to keep the stable figure “despite the market situation”, while indicating that they achieved Grow in the aftermarket.
“Our operational profitability is correct, as a result of the constant work of continuous improvement in the factory, especially in the productive part,” said the company’s manager, who had an average workforce of 750 employees in 2016.
On the other hand, Sanz stressed that in 2016 the company set the “foundations” for sustainable and profitable growth in the future, so that the Lean transformation of production began, an operation that will continue in 2017.
“We are sure that this will be a turning point for the conversion of this factory into a much more modern one,” he said, adding that the corporation will close 2017 with sales of 141 million euros, 3.5% more , While improving profitability.
Europa Press el economista – 6/06/2017 (Translation Soft)