The HOERBIGER Yearbook
All stories for you to read.
Ladies and gentlemen,
dear employees,
In 2022, HOERBIGER generated 1.267 billion euros in revenue, the highest level in the company’s history. As a Group, we achieved both our revenue goals and our profitability targets. This is clear proof that our strategy to be the leader in niche markets is working.
Our diversification encompassing a wide variety of business segments in all regions of the world made this positive development possible, despite the adversities of the uncertain markets. After two challenging years that were entirely dominated by COVID-19, the HOERBIGER Group again faced tremendous hurdles in 2022. The war in Ukraine, turmoil in the energy market as a result of sanctions, continued supply chain disruptions, and last but not least price increases triggered by inflation the likes of which we have not seen in years: all this put the company’s resilience to the test yet again.
Our thanks above all therefore go to our employees, who made this success possible in the first place with their expertise and their dedication. We would also like to thank all our customers and partners – for their cooperation, support and loyalty.
Our focus has always been, and still is, for HOERBIGER to grow profitably. In the 2023 fiscal year, we will therefore maximize the existing potential as best we can. At the same time, our favorable profitability allows us to drive growth through promising innovative projects and M&A activities with our own resources. Read more about the successes of the past year in this Yearbook.
We hope you find it an enjoyable read.
Interviews
Dr. Martin Komischke, President of the Board of Directors of HOERBIGER Holding AG, has been intimately familiar with the HOERBIGER Group for three decades – twelve years of these from the perspective of CEO. During the interview, he rates the past fiscal year, describes – from his perspective – the most important success factors for the future, and ventures a business outlook for 2023. Personally, he has set important goals for himself for the coming years.
2022 marked the first full year for Dr. Thorsten Kahlert as CEO and Chairman of the HOERBIGER Executive Board. In this interview, he provides more in-depth insights about the past fiscal year and speaks about the criteria of future growth that are important to him, about innovation as a growth driver, and why he and his colleagues on the Executive Board are convinced that now is the right time to reinvent HOERBIGER in many areas.
Dr. Andreas Hünerwadel has been a Member of the Board of Trustees of the HOERBIGER Foundation since 2009, and its President since 2016. In this interview he explains why, to him, HOERBIGER remains a family business, what influence values and culture have on the success of a company, what the responsibilities of the Board of Trustees are – and why he is setting goals for himself for the next few years as President of the Board of Trustees, but does not have any priorities for the 2023 fiscal year.
Divisional reports
Despite a precarious worldwide situation, the Compression Division reported a great fiscal year. Thanks to the employees’ technical expertise and a strong focus on the customer in a difficult environment, the Division successfully grew again and developed new markets.
In 2022, the Automotive Division not only struggled with difficult market conditions, but also faced the largest structural transformation in automotive history. The track for tomorrow’s mobility must be set up today.
The Rotary Business Unit laid the foundations for another year of growth with technological enhancements, strengthened customer relationships and key positions strategically filled by internal talent.
The business of ignition and control systems, valves, and injectors for gas engines has regained its prior strength in the last two years and thanks to the hydrogen trend is now in pole position to put the fuel of the future on the road.
With planned product innovations, improved process flows in the value chain and successful M&A activities, the Safety Business Unit generated successful sales and profit growth in 2022. Safety is also expected to grow further in 2023.
Did you know that?
…HOERBIGER provides electricity and heat to more than 100 million North American homes?
…one in four cars is on the road thanks to key components from HOERBIGER?
…HOERBIGER ensures that one million people can read the New York Times on weekends?
…HOERBIGER ensures safety on board on all seven seas?
…HOERBIGER helps premature babies take a step into life?
…wind turbines produce clean power thanks to HOERBIGER?
…HOERBIGER promotes the researchers of tomorrow?
