Helukabel Reaches One Billion Turnover

The HELUKABEL Group can look back on a successful business year: For the first time in its history, the one-stop solution provider for electrical connection technology achieved a turnover of more than one billion euros. The company recorded strong growth both in its home market of Germany and internationally - and is looking to the future with optimism.

The turnover of the HELUKABEL Group amounted to 1.1 billion euros - an increase of around 36 percent compared to the previous year. The German sites, which account for almost half of total sales, recorded an increase of 28 percent. But the company also made significant gains abroad: With sales growth of 41 percent, the year was extremely successful for the international companies, especially in the rest of Europe, the Americas, Africa and Asia.

One of the main reasons for this positive development is the high level of diversity: HELUKABEL supplies customers from all sectors and offers tailor-made solutions for a wide range of applications. In addition, HELUKABEL's reliable product availability often set it apart from the competition last year. With 61 sales, logistics and production sites in 39 countries, the company is also very close to its customers worldwide. The online shop to be launched in 2022, with which the HELUKABEL Group intends to strategically promote its growth in the area of e-business, promises further potential.

As a family-owned company, HELUKABEL is also extremely solidly positioned, enabling long-term planning and investment security: "For example, we benefit from a high equity ratio, which gives us stability and creates confidence in the future," reports Commercial Director Andreas Hoppe. "For example, we are investing tens of millions of euros at our sites in Meissen and Windsbach, as well as overseas, in order to significantly expand our production capacities. The number of employees, which currently stands at 2,200, is also expected to increase further as a result.

The fastening technology specialist has also made a good start to the 2023 financial year. "Our portfolio is particularly well positioned for megatrends such as electromobility, renewable energies and automation technology," explains Hoppe. "Our outlook for the rest of the year therefore remains optimistic."