The Swiss group of companies made strong growth in all business areas this year, benefiting both from the growing global coffee market and from gains in market share. Group sales increased by over 50 percent compared to the comparatively stable previous year.
The Professional Solutions business unit has shown a strong positive development. With exciting new products, the innovative Grind-by-Weight technology, and a partner network, which has been greatly developed for all four brands, the number of grinders delivered increased enormously.
In Component Solutions, the group benefits from a strong demand for built-in grinders and burrs and from long-standing relations with leading manufacturers of fully automatic coffee machines. With the launch of new built-in grinders for home use and with strong demand in all segments, this business unit has contributed significantly to the pleasant business development.
In the Home Solutions segment, the introduction of the Mahlkönig X54 has successfully transferred the strength of the Mahlkönig brand to the area of demanding consumers. Moreover, new target groups have been developed here also in direct sales.
These encouraging developments are not without consequences for plant utilization and lead times. With record demand on the one hand and cross-industry supply chain bottlenecks on the other, temporarily higher lead times are inevitable. The group is responding to these challenges with, among other measures, extensive capacity expansions and investments. After moving into a new plant at the Hamburg site last year, extensive expansions will follow at the Milan and Changzhou sites: In Milan, a new plant will double existing capacities, and in Changzhou, additional production floors will be opened at the existing site. The target is to use digitized processes and advanced manufacturing principles to prepare the group's global production network even more strongly for further growth. The focus here is on ensuring customer satisfaction in all regions with the highest quality standards.
The ambitious growth and the intensive preparations for further developments are mainly due to the great commitment of the global Hemro team and the excellent and reliable Hemro partners. The conditions for the year 2022 are very positive, so that Hemro Group and its partners look confidently into the new year together.