Philipp Hellmich
philipp.hellmich@hartmann.info
+49 173 4794858
Heidenheim, 11 August 2023. 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.
HARTMANN continued to successfully implement targeted price adjustments and cost measures. Initiatives to develop innovative products and services continued. The Company also continued to focus on its Transformation Program, which will contribute approximately EUR 40 million to adjusted EBITDA in 2023 alone.
A slight decline in some raw material prices only had a limited positive effect on HARTMANN's earnings for various reasons. For example, the Company stopped benefiting from contracts that expired at the end of 2022, which secured favorable purchasing prices that were even lower than typical pricing conditions at the time. Furthermore, there was a recent extensive increase in internal inventories to ensure security of supply even at higher material costs than those currently in place.
The considerably positive earnings contributions of the Transformation Program, which will add up to EUR 140 million by the end of 2023, along with numerous product launches in the second half of the year, form a solid basis for HARTMANN's continued development. Some of these new products improve quality of life for various degrees of incontinence, while others support the treatment of wounds that are difficult to heal. However, the recovery of demand in the markets and the normalization of procurement markets remain important requirements for future growth.
Currently, HARTMANN confirms its forecast for financial year 2023 with an adjusted EBITDA of EUR 145 to 185 million and moderate organic sales growth.
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.