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Company news

News and highlights from HARTMANN.
March 19, 2024

HARTMANN confirms positive earnings development in the 2023 financial year

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.
January 25, 2024

HARTMANN reports positive preliminary figures for 2023

At EUR 203 million, adjusted EBITDA was at the upper end of the earnings forecast of EUR 180 to 210 million, which had been increased in November. The previous year's result was thus exceeded by EUR 12 million. The Company was able to more than compensate for massive additional material, energy and freight costs of almost EUR 80 million. This was mainly due to the successful implementation of cost measures and product launches as part of the Transformation Program as well as price increases, which offset some of the additional material costs.
August 11, 2023

First half of 2023: Earnings above prior-year period, exceeding expectations

In the first six months of financial year 2023, the HARTMANN GROUP generated sales revenues of EUR 1,165.3 million. This corresponds to moderate organic sales growth of 3.6% compared to the same period of the previous year. Some markets relevant to HARTMANN are still performing below pre-pandemic levels. Adjusted EBITDA amounted to EUR 92.7 million, an improvement of EUR 4.2 million compared to the same period of 2022.
April 28, 2023

HARTMANN: negative impact on earnings continues in the first quarter of 2023 due to high additional material costs and reduced market demand

The first quarter of 2023 saw a continuation of the sales and earnings levels of the previous two quarters as the business continued to be characterized by high additional material costs and reduced market demand. In particular, demand for disinfection products remained below pre-pandemic levels. Inflation also led to reduced purchasing power, which strongly impacted the development of demand for branded consumer goods.

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