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HARTMANN stands its ground in an increasingly difficult market

In the first half of 2011, the HARTMANN GROUP was confronted with an unfavorable market environment. Raw material and logistics costs continued to rise significantly in the overall economic recovery. Furthermore, there has been added price pressure from customers due to the national deficits and the associated budget restrictions in the health systems. Nevertheless HARTMANN succeeded in further increasing sales revenues by 6.2% to EUR 845.3 million in the first six months of the fiscal year. As a result of the difficult economic environment, EBIT declined by 1.7% to EUR 53.5 million in the first half of the year compared with the same period last year. The consolidated net income decreased by 5.4% to EUR 35.1 million.

In the Wound Management segment, sales revenues increased by 4.4% to EUR 227.3 million as at June 30, 2011. In particular, there was significant growth in product systems for modern wound management as well as in postoperative dressings. HARTMANN also improved its market position in traditional dressing materials. In the Incontinence Management segment, HARTMANN increased sales revenues by 3.3% to EUR 301.6 million. In line with the trend in inpatient care of moving from one-piece to two-piece product systems, MoliForm incontinence pads in particular contributed to the growth in the business seg-ment. MoliCare Mobile, the incontinence pants for mobile patients, again recorded double-digit growth in the first half of 2011. The new generation of MoliMed incontinence pads benefited from strong customer acceptance in medical stores.

The Infection Management segment continued its two-digit growth in the course of fiscal year 2011. Sales revenues rose by 16.0% to EUR 191.6 million as at June 30, 2011. Growth resulted in particular from increased sales in the product categories of surgical sets, hand disinfectants and gloves. Other Group Activities recorded sales of EUR 124.8 million as at June 30, 2011, an increase of 3.1% compared to the previous year. The CMC Group particularly contributed to this growth; the subsidiaries Kneipp and NOGE also saw positive growth.

Starkes Wachstum im Portfolio Infektionsmanagement

In the face of the high national deficits, the public health systems continued to be affected by massive budget restrictions in the first half of 2011. The associated price pressure on manufacturers increased further. Moreover, raw material and logistics costs continued to rise substantially in the context of the overall economic recovery. As a result, the average cotton price rose by 125% to 4.27 U.S. dollars per kg in the first six months of 2011 compared to the previous year. The average price for a barrel of crude oil soared by 40% to 109 U.S. dollars compared with the same period last year. Transportation costs for container and truck freight hovered at a high level. The price increases implemented in the sales markets have not yet fully compensated for the rise in costs. EBIT of the HARTMANN GROUP therefore declined by 1.7% to EUR 53.5 million as at June 30, 2011 compared to the previous year. The consolidated net income decreased by 5.4% to EUR 35.1 million.

On June 30, 2011, the HARTMANN GROUP had 10,045 employees, an increase of 63 employees compared to the end of 2010. This change is mainly based on the expansion of manufacturing capacity in the KOB production company in Qingdao/China and of sales structures in the growing Russian market. 61.8% of the employees were working in foreign subsidiaries at the end of the first half of 2011.

Website address: https://www.gesundheitsindustrie-bw.de/en/article/press-release/hartmann-stands-its-ground-in-an-increasingly-difficult-market