The MagazineMarketplaceEventsResourcesNewsContact
Nav

DEC. 4 I HOHNER I FINANCE
The Hohner Group Reports Sales Increase

The 99th shareholder meeting of Matth. Hohner AG, Hohner's European division, was held on Nov. 27 at the Dr. Ernst Hohner Concert Hall in Trossingen, Germany. During the meeting, shareholders discussed the company's business development, a renewed market focus and new products.

During the fiscal year ending March 31, 2012, sales growth of the Hohner Group's international brands posted a 5 percent increase to 67.2 million euro versus last year's 63.9 million euro. This sales increase was driven by growth in North America (up 9.7 percent), Asia (up 21.9 percent), and South and Central America (up 34.4 percent) partially offset by a 4.5 percent decline in sales to Europe, the company’s largest market. As a result of the positive sales improvement as well as effective cost management, the Hohner Group improved its net income performance by 83.2 percent to 2.7 million euro in the fiscal year ending March 31, 2012 compared to 1.5 million euro in the previous fiscal year.

hohner.eu


Nav
HOMEMAGAZINEMARKETPLACEEVENTSRESOURCESCONTACTHELP