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Hettich, one of the biggest suppliers of interior fittings and components to furniture makers worldwide, posted rising sales in 2017 but warned of a sharp rise in its own costs.

 

The Kirchlengern, Germany based group said sales advanced 6.8 percent to €975 million in 2017, with exports rising to 71 percent of its global turnover (2016: 69pc).


Family-owned Hettich has a tradition of not disclosing earnings. It maintained that in the latest period, but board chairman Dr. Andreas Hettich did say profits "came under particular pressure from the sharp rise in material costs."


He added that the latest wage agreement in the metal industry is putting significant further pressure on costs and earnings.


Hettich, which employs 6,600 people, said it invested €116 million in products, plant and buildings worldwide during 2017.



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