The Hettich group of companies, one of the world's largest manufacturers of furniture fittings with headquarters in Kirchlengern, generated sales of around 1.5 billion euro in 2022. Having already grown by over 26 per cent in 2021, Hettich saw a further year-over-year sales increase of nearly 10 per cent in 2022.
Worldwide, Hettich invested 125 million euro in new products, buildings and machinery. Hettich currently employs around 8,000 people around the globe, almost 3,800 of them in Germany.
During the first half of 2022, home improvement, home furnishings as well as DIY were high on consumers' agenda across the globe as people invested in their homes.
In the second half of the year, was in many countries followed by noticeable restraint on the part of consumers. In 2022, high levels of inflation in most parts of the world along with rising electricity and gas costs resulted in soaring prices not only for Hettich as a company but also for consumers. "Prices for necessities, consumer staples, energy and furniture rose to such an extent in 2022 that consumers in many countries started began to re-prioritize their purchasing decisions," says Jana Schönfeld, managing director of the Hettich Group.
