Mr. Alfred Weber, President and CEO of MANN+HUMMEL Group stated: “Since 1999, we have maintained an average annual sales growth rate of 9.1%. In the 70 years of successful development of MANN+HUMMEL, 2010 was It was the most successful year, with sales growth of 30.4% (24.6% after eliminating the influence of monetary factors).

MANN+HUMMEL’s EBIT rose from 23 million euros in 2009 to 149 million euros in 2010; ROCE (used return on capital) increased from 3.9% in 2009 to 25.6% in 2010. As of the end of 2010, MANN+HUMMEL had 13,201 permanent employees worldwide, an increase of 12%. Last year, we produced more than 400 million filter elements, equivalent to more than 25 units per second. To increase efficiency and enhance competitiveness, MANN+HUMMEL has optimized processes and procedures.

In 2010, the company focused on key issues such as corporate culture, production/logistics, and strategy, setting three goals to be achieved by 2018. First, sales increased to 3.4 billion euros. Second, diversification was achieved, bringing the sales of non-automotive, automotive OE and automotive aftermarket sectors to one-third of total sales. Third, achieving all regions Growth, especially in Asia and the Americas, including North America and South America, such that European sales can account for 50%, Asia, the Americas each accounted for 25%. MANN+HUMMEL invests approximately 4% of its annual sales in R&D, which is higher than the regional average. Part of this budget is used for concept development, product production, and alternative drive vehicle technology development. The company is currently developing ten projects in the electric vehicle domain. In 2010, MANN+HUMMEL also continued its strong growth in the Chinese market. It not only set up factories in Jiading and Jinan, but also expanded its product portfolio and launched a series of new products, including acoustic devices for air filtration systems.