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MANN+HUMMEL Annual Report 2023

4.7 bn. €


16 m. €


409 m. €


Foreword by the Management Board

Kurk Wilks (CEO) & Emese Weissenbacher (EVP & CFO)

Transformation is not a temporary trend or an invention of modern times. It has always been around and it is here to stay. Change is a natural part of our lives. Standing still is an illusion that we would like to indulge in, but which de facto does not exist. Even as you read these lines, the world around you is changing. Only the intensity of the change may vary.

The good thing is that we are not at the mercy of these changes. We can actively drive them, we can accelerate them, we can extend them to other areas of our business priorities. In short, we can shape them. There may be some levers that take longer to change than others. At the same time, we have so many opportunities every day to make decisions and thus proactively drive and shape change.

At MANN+HUMMEL, we remain focused on our vision of “Leadership in Filtration” and committed to our mission of “Separating the useful from the harmful.” We are diligently working to adjust our global presence and structures, to standardize as well as optimize existing processes, and to change our traditional ways of thinking all with the goal of becoming fit for the future now. We are investing heavily in our portfolio and our digital infrastructure. Always for the benefit of our customers and therefore also for the long-term benefit of our organization.

This is one of the reasons why we at MANN+HUMMEL introduced SPEED (Strategy Performance Execution and Excellence Drive) in 2023. It is an OKR-based methodology, used throughout the company to drive forward the implementation of our organization’s strategy even more consistently. Strategy without execution is worthless. SPEED makes us more focused, agile, and adaptable. Not only are we able to better adapt to changing conditions, but we are also able to better shape our path into the future and execute our strategy.

Together with our customers, we are shaping the future of the automotive industry by introducing innovative solutions that bring us all closer to our common goal of cleaner mobility. Whether combustion engines or alternative drives: innovative filtration solutions are required everywhere—and we at MANN+HUMMEL are ideally positioned to deliver them with the support of our suppliers and partners.

See for yourself here how MANN+HUMMEL is working with the National New Energy Vehicle Technology Innovation Center in Beijing, China, to shape the future of alternative drives.

We are also accelerating the development of innovative solutions for our partners in the heavy-duty on- and off-highway sectors and in industry. A self-cleaning air filter supports the customers of Fendt, one of the world’s leading manufacturers of tractors and agricultural machinery, in their important task: a reliable food supply for more than eight billion people. Extended service and maintenance intervals and reduced downtimes enable efficient farming. You can find the story here.

However, our core competence—separating the useful from the harmful—does not end at the bumper of a truck, a tractor, or any other vehicle. It goes far beyond. Cleaner air and cleaner water are not just basic human needs, they are human rights. With our filtration, separation, and digital solutions, we actively contribute to the sustainable use of precious resources.

Ever since the Covid pandemic, everyone has been aware of the fundamental importance of clean air. Read here how MANN+HUMMEL ensures excellent air quality in Terminal 5 of Europe’s largest and busiest airport, London Heathrow.

At the same time, our subsidiary STREAMETRIC is supporting the Hilton Head Public Service District with innovative digital solutions to ensure the water supply and disposal of an entire island. You can find out more here.

These are four examples that underline the innovative strength of MANN+HUMMEL and how it benefits both our customers and theirs. At the same time, we are working persistently on diversifying our portfolio. With the acquisitions of M-Filter and U-Air, we have significantly increased our presence in Scandinavia and the Baltic states, in China and Southeast Asia. This not only gives us a broader base, but also brings us even closer to our customers—on our common way to a cleaner planet.

In the past year, we have seen amazing creativity and outstanding achievements throughout the entire organization. We would therefore like to take this opportunity to thank our more than 22,000 employees around the world who have pushed their limits every day to move MANN+HUMMEL forward. We look forward to collaborating with this strong team on the future of MANN+HUMMEL: One Team. One Goal. One Voice.

We encourage you to read this annual report and to take the opportunity to find out more about MANN+HUMMEL, our projects, and our partnerships.

We perform to transform.

0.3 %

EBIT margin

4.1 bn. €

Total assets

118 m. €

Investments in R&D

Report of the Supervisory Board

Thomas Fischer (Chairman MANN+HUMMEL Holding GmbH)

What do a tree and a (family-owned) business have in common? They grow. They change. They are part of entire ecosystems. They are deeply rooted. They provide a home. If they want to achieve something, they need to proceed strategically.

This list of attributes could go on and on. And yet there is a fundamental difference. A difference so big that it overshadows any nice analogy - loosely based on Gertrude Stein:

A tree is a tree is a tree.

Performing together

Heathrow Airport

Mark Skyrme explains why the collaboration with MANN+HUMMEL is a game changer for his everyday business.

NEVC Beijing

NEVC Managing Director Chengyin Yuan explains why long-term partnerships are so important.

Hilton Head

Dave Disney explains how STREAMETRIC helps him to react quickly, even before an incident becomes an emergency.

Fendt Germany

Andreas Kleinhenz explains why the tractor's engine needs to breathe clean air and how the smart air cleaner processes from MANN+HUMMEL are impressing Fendt customers.