Superb financial report for 2021: Revenue increases 22 percent
The Häfele Group, international specialist in hardware fittings, electronic access control systems, and lighting for furniture and rooms, closed the year with global revenue up 22 percent with contributions coming from all parts of the business.
Headquartered in Nagold in Southern Germany and with 38 subsidiaries throughout the world, the company’s annual revenue increased by €308 million to €1.7 billion in spite of the extreme supply chain challenges experienced during what was the second year of the pandemic. Indeed from October through to December of 2020, Häfele’s financial report began to rally quite brilliantly. This created the basis for the positive result we see today for 2021.
Stefan Huber, Global International Business CEO and Hafele Korea MD, emphasized that North America and Southern Europe, the UK, India and China were particularly noteworthy and contributed to above-average growth. Häfele has successfully defied the continuing extreme challenges in its supply chain, not least by taking the early decision to increase its global stock levels by 20%.
Häfele has hugely upgraded its digital services in every area, and this has certainly not gone unnoticed by some. Häfele Discoveries, the company’s digital appearance at last year’s interzum – the international leading trade fair held in the spring – was received glowingly by customers and employees. The digital appearance has won numerous prestigious awards since, including the “UX Design Award”, the “red dot communication award”, and the “Galaxy Award”.
Alongside the Discoveries platform that now serves as an international digital showroom, there are also new functionalities in the Häfele online shop and a large-scale, needs-oriented expansion of the Häfele service portfolio.
Häfele has already established a solid reputation as an internationally recognised specialist in LED light for furniture. With the acquisition of the architectural lighting manufacturer, Nimbus, the company has acquired additional, necessary expertise in the field of room lighting.