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For the first time ever, Hager Group’s annual turnover has exceeded the €2 billion mark, reinforcing the Franco-German Blieskastel-based company’s position as the leading provider of solutions and services for electrical installations. This significant rise was driven by an organic growth of 4.8%, which is largely as a result of the core business.
“We live in a changing society, and electricity is at the heart of it. We are holding our own as a market leader as society makes its way towards an electrified future. More than ever before, Hager Group’s progress is reliant on our ability to innovate, which will enable us to help shape the emerging energy landscape,” explains Daniel Hager, Hager Group CEO.
Going forward, Hager Group aims to continue to provide innovative electrical solutions and services. The company’s level of commitment is reflected in its ongoing investments. A new logistics platform with a surface of 24,000 m² is currently being developed in the Alsatian commune of Reichstett, near Strasbourg, France; it is expected to be fully-functioning in 2020. A few weeks ago, there was a topping-out ceremony for a 1,750 m² extension building in Blieskastel, which will host more office space and a central archive. By making these investments, the company is ensuring it is fit for the future, as well as enhancing its operational performance.
Shaping the future of the industry
Hager Group is known for its technical innovation and for the way it continuously improves its products, solutions and systems. With a portfolio comprising over 3,000 active patents, the company pursues a wide-ranging innovation strategy. This year, the group is investing 6% of its turnover in research and development. A recent example is its collaboration with Audi AG on charging technology for the Audi e-tron. As electric vehicles will also play a key role in the development of smart energy-management systems, Audi and Hager Group are working together to create a single system that combines domestic electrics and vehicle usage. To this end, domestic energy management will be connected with electric vehicle charging technology.
Actively supporting the energy revolution and future mobility
The acquisition of German energy-storage specialist E3/DC means that Hager Group now has a forward-looking, integrated solution in this area. As a full-service provider, the company is in a position to offer a comprehensive range of services and solutions to its customers.
The people behind the success story
The success of Hager Group is down to its 11,500 dedicated employees, who are spread across 22 locations all over the world. This is why the company is continuously investing in its employees. Some 30,000 training sessions are carried out each year across the company with the aim of supporting Hager employees and preparing them for changes in the industry and the challenges of Industry 4.0.
“Training and further education are seen as a strategic investment at Hager Group. From the very beginning, our ability to grow has always been down to the long-term capabilities of our employees. We need to acquire new skills if we are to succeed in our own digital transformation. That’s why we’ve set up a Digital Factory in the company over the last year; we already have 20 experts working there. By the end of the year, we want to double that figure,” explains Franck Houdebert, Chief Group Human Resources Officer at Hager Group.
Hager Group’s Annual Report 2018/19 is available at https://www.hagergroup.com/annualreport/2018-19/en/title/
A print version is available upon request.
Press Release: Hager Group turnover exceeds the €2 billion mark (PDF, 86 KB)
Picture (ZIP, 2,8 MB)