HARTMANN reports positive preliminary figures for 2023

Heidenheim, 25 January 2024. 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.

As expected, organic sales growth in 2023 will reflect a moderate increase of 2.3 % compared to 2022.

“Investments in new products that provide clinics with real added value and in structural cost improvements are generating strong contributions to earnings. These are leading to improvements in earnings despite challenging markets in terms of materials and demand. We are consistently pursuing our corporate transformation,” says Britta Fünfstück, CEO of the HARTMANN GROUP.

For the 2024 financial year, the HARTMANN GROUP expects moderate organic sales growth and a further improvement in adjusted EBITDA to a range of EUR 200 to 240 million.

Final results will be announced on 19 March 2024 with the publication of the 2023 Annual Report.

All press releases including financial releases from 2023 can be found here.

The HARTMANN GROUP is one of the leading European providers of professional medical and care products and associated services. Every day, healthcare professionals and patients rely on HARTMANN brands in the segments of Incontinence Management (e.g. MoliCare®), Wound Care (e.g. Zetuvit®, Cosmopor®) and Infection Management (e. g. Sterillium®). This is expressed in our brand promise of “Helps. Cares. Protects.” HARTMANN generated sales of EUR 2.3 billion in the 2023 financial year. Founded in 1818, the Company sells its products and solutions in 130 countries around the world. For the future, the HARTMANN GROUP is currently implementing its strategic Transformation Program with its high-performance, customer-oriented and passionate team.

To learn more about the HARTMANN GROUP, visit www.corporate.hartmann.info.