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Sales and raw material markets remain challenging, but general conditions have stabilized for the first time compared to the previous year. The positive effects of the HARTMANN GROUP's Transformation Program again contributed to an increase in earnings. The Company implemented cost-saving measures in freight and logistics concepts. Product launches in the past two quarters led to increases in sales. In particular, volume increases were achieved in the Wound Care, Incontinence Management and Disinfection divisions.

Successful product launches and the acquisition of new customers, as well as the focused, continued implementation of the Transformation Program, had a positive impact on HARTMANN's business development in the first quarter of 2024. The Company was once again able to demonstrate its resilience in a difficult market environment with material costs remaining at a high level.

The various commercial and geopolitical challenges during the reporting year had a significant impact on the business performance of the HARTMANN GROUP. HARTMANN continued to operate in a difficult market environment in 2023 with reduced demand persisting in the markets – partly due to a massive shortage of personnel in the European healthcare systems – along with high additional costs for materials and energy of approximately EUR 60 million, as well as an increase in personnel costs.