MANN+HUMMEL Annual Report 2024

For over 84 years, customer centricity has been the guiding principle of our growth—from a Germanybased business to a global leader with more than 80 locations worldwide. We understand that proximity to our customers—both geographically and in how we design our solutions—is key to long-term success.

In today’s environment, shaped by rapidly shifting expectations, market complexity, cost pressures, and political volatility, we believe that agility and customer centricity are not opposing forces but mutually reinforcing capabilities. Our strategic priorities, business model, and organizational structure are all designed to adapt quickly, allowing us to stay close to our customers and ahead of change.

This commitment to customer-centric agility was especially evident in 2024. We expanded into new markets by strengthening our Life Sciences & Environment (LS&E) Business Unit and investing in in-house filtration media production. This step toward vertical integration is not only about securing our supply chains—it also enhances our innovative DNA as well as expertise, enabling us to respond with even greater precision and speed to evolving market needs. By continuing to bring filtration solutions that drive sustainability and efficiency across industries, we remain dedicated to solving our customers’ increasingly stringent environmental challenges.

As a family-owned enterprise, our financial resilience provides a solid foundation amid volatile global conditions. With the steadfast backing of our shareholders and our disciplined fiscal policies, we ensure cash-flow stability, enabling us to invest in seizing emerging opportunities.

A clear vision is essential in times of transformation. Through our strategy process towards 2030, MANN+HUMMEL has articulated an evolved target picture that every leader and employee can further embrace - our vision of Leadership in Filtration.

Recognizing that clarity of purpose is paramount, we have adopted our target-state-driven approach: guided by our envisioned future, we are accelerating the concrete actions required today to make that future a reality.

Turning strategy into progress requires more than a clear plan—it demands the ability to adapt and execute with precision. This principle is deeply embedded in our operating model—SPEED (Strategy, Performance, Execution, and Excellence Drive)—now in its third year. By translating corporate objectives into actionable targets and tracking progress on an agile, six-month cycle, SPEED creates the transparency and responsiveness needed to move the organization forward.

To drive agility at all levels, leadership itself must be agile. That is why, in 2024, we further enhanced our leadership team. This diverse group of leaders from various backgrounds and cultures strengthens our market intelligence, ability to anticipate change, make informed decisions, and act quickly, allowing us to navigate an increasingly complex global landscape.

MANN+HUMMEL stands for a resilient foundation with agile responses. Much like our filtration systems, our mindset and culture ensure that only the best and most valuable elements prevail. By thinking like a filtration system that separates the useful from the harmful and achieves the purest possible outcome, we navigate uncertainty and emerge even stronger and more competitive.

As the Management Board Committee, we commit ourselves—together with every leader and employee— to serve our customers by being resilient and agile, thus delivering innovative and competitive solutions.