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Global innovator in the electrical industry, Hager Group has revealed its ambitious growth plans in a futuristic annual report which highlights six key development areas for the business.
Hager Group is one of only a handful of multi-national corporations still family-owned and managed. It was founded in 1955 by Peter Hager and his sons Hermann and Dr. Oswald Hager and today is headed up by third generation, Daniel Hager.
The theme of the 2014 report is “The future starts now” and sets out two key milestones so that employees get a concrete vision: to increase turnover to €3 billion and to grow its talent pool from 11,400 to 20,000. This will be achieved through six pillars of change: creating a broader footprint by expanding its existing presence in rapid developing markets such as China; making sure employees share a common language across the group through projects such as data harmonisation; enhancing integration through more cross-border projects; investing in people by helping them to develop the required skills; enriching leadership skills by encouraging autonomy and the will to take responsibility for others through initiatives such as the Peter-and-Luise Foundation; and better understanding and answering customer needs by developing, for instance, new sales concepts to open new perceptions for customers.
Hager Group strongly believes that its people are the key to success and that this growth will only occur with the wholehearted support of its employees. The report showcases stories from employees across various strands of the business to illustrate these pillars of change.
Bruce Davies, Managing Director of Hager UK, said: “This year’s annual report conveys a significant step forward for the group and industry. We anticipate its release each year as it does a great job of unifying our thousands of employees across the world.”
Daniel Hager, CEO of Hager Group, said: “We are aware that our projection is ambitious, but it is much more than just a number. It truly represents a step change that we will make for our customers and employees across the globe. The world around us is rapidly changing and we aim to make a genuine impact on this transformation.”
As an independent family-owned and run company, Hager Group has no obligation to publish an annual report. But this document is important to allow all our customers, partners and the employees to better face the challenges of the future that we all already have to deal with today. No abstract figures are presented but instead concrete examples are shown, enabling to predict the future, which will be exactly what we make of it.
The report is available in printed, digital and mobile formats – the latter being available with animations, audio and video which was recently nominated into the top five for the German Prize for Online Communication in the category “digital annual reports” out of 600 candidates. For more information and to access the report online, available in English, German, French and Italian visit: www.hagergroup.com/annualreport
Hager Group has also complemented the launch of the report with an interactive game offering readers with a chance to win a solar charging systems or a Go Pro HERO4 silver action camera.Visit: www.hagergroup.com/game for more information.
About Hager Group
Hager was founded in Ensheim, Saarland, in 1955. The company is now a leading supplier of solutions and services for electrical installations in residential, commercial and industrial buildings. Our range of solutions and services extends from energy distribution to cable management and from security systems to building automation.
As an independent family-owned and run company based in Blieskastel, Germany, Hager Group is one of the industry's innovation leaders. 11,400 employees generate a turnover of about 1.7 billion euros. Components and solutions are produced at 23 sites around the globe and are trusted by customers in more than 95 countries worldwide. Our success is owed to the trust our customers have placed in us.