Record turnover, strong growth in key regions, and numerous new products: the Sennheiser Group, which recently published its annual results, can look back on a successful fiscal year 2015 that underscored its objective of shaping the future of the audio industry. Total turnover rose by 7.5% to 682.2 million. Across all global regions, the company's turnover developed significantly, particularly in the Americas and APAC. Profit before taxes in 2015 amounted to 30.3 million.
The Sennheiser Group ended fiscal year 2015 on a successful note and once again reported a considerable increase in turnover.
Having achieved record turnover once more, we continue to drive the growth trend seen over the past few years, says Daniel Sennheiser, co-CEO of Sennheiser GmbH & Co. KG. It demonstrates that our strategy of long-term and sustainable growth is successful in all regions. Dr. Andreas Sennheiser, co-CEO of Sennheiser GmbH & Co. KG, adds: This is precisely what makes us strong as a family-run business: we do not have to focus on attaining short-term financial goals, but can consistently concentrate on perfecting the customer's experience - with the clear vision to shape the future of audio.
The Americas and APAC drive growth
All three of the Sennheiser Group's business regions showed successful turnover figures. For Andreas Sennheiser, this is the direct result of a well-balanced strategy: We tapped into new regions and markets, such as Korea and Latin America, while still retaining our focus on existing, large markets. Growth was particularly robust in the Americas region (North, Central and South America), where the group generated turnover of 179.8 million, which represents a 26.8 million, or 17.5%, increase on the previous year.
With turnover growth of 14.6 million, an increase of 11% compared to fiscal year 2014, the APAC region (Asia and Australia) saw a marked improvement as well. Overall, the Sennheiser Group reported turnover of 147.2 million in this region.
EMEA (Europe, Middle East and Africa) remains Sennheiser's strongest region economically, with a total revenue of 355.2 million and modest growth of 1.7%. Germany once again saw double digit revenue growth. We are particularly pleased that we were once again able to significantly expand our already strong position in our domestic market, Daniel Sennheiser states.
The company generated 84.5% of its revenue outside Germany in fiscal year 2015. The Sennheiser Group currently has 19 sales subsidiaries and long-standing trading partners in more than 50 countries around the world, and will continue to pursue its strategic goal of expanding its global business in the future.
Strong increase in turnover in both business divisions
Both the Consumer Electronics Division and Professional Systems Division registered growth in 2015: Turnover improved by 10.9% to 347 million in the Professional Systems Division and the Consumer Electronics Division registered a 4.1% increase to 335.2 million.
The fiscal year was marked by a series of new product developments and launches. With the launch of the evolution wireless D1 for live music and AVX for video journalists, the Professional Systems Division added new digital systems to its wireless microphone portfolio in the first half of 2015. The Consumer Electronics Division introduced the second generation of the successful MOMENTUM headphone family - including a wireless version - and the digital RS line wireless headphone system for audio and video home entertainment.
Employee figures up worldwide
The Sennheiser Group employed around 2,750 people worldwide at the end of 2015. Throughout the year, the group had an average of 2,704 employees - a 4% increase on the previous year. An average of 51 percent of all employees worked in Germany and 49% abroad. The number of trainees worldwide totaled 76, marking the same level as in the previous year.
Investments in the future
Investments in research and development increased by 8.5% to 46.9 million in fiscal year 2015. This corresponds to 6.9% of the Sennheiser Group's total turnover. As in the previous year, the number of employees in research and development continued to rise, up 4.7% year on year to 354 employees in 2015. In addition, Sennheiser bolstered its strength in innovation by investing in the company's headquarters in Wedemark. The Innovation Campus, officially opened in 2015, is the most state-of-the-art innovation center in the audio industry.
Our investments in research and development show clearly that at Sennheiser, we refuse to wait around to see what the future will bring. We're shaping it ourselves instead, says Andreas Sennheiser. This innovative power is evident in our new high-end headphone HE 1, launched in November 2015. With its unique features such as maximum reproduction precision, exceptional spatiality and a frequency range that far exceeds human hearing, it is the best headphone in the world. As the leading audio specialist, it is our responsibility to develop solutions that are made for the future together with our customers. We have all of the necessary skills and expertise to do just that, adds Daniel Sennheiser.
Outlook 2016: Shape the Future of Audio
Sennheiser will pursue its goal of actively shaping the world of audio as a pioneering company in the future. This aim is reflected in the company's vision Shape the Future of Audio . Any company aiming to take a lead has to have a clear vision and be able to embark on new paths together with its customers, Daniel Sennheiser explains. This ethos is at the heart of our vision.
Andreas Sennheiser adds: The audio sector is on the verge of experiencing a renaissance. For customers, new formats and new ways of producing and consuming music continue to emerge - technologies that we have been researching for ma
Most recent headlines
04/08/2024
Dalet, a leading technology and service provider for media-rich organizations, is excited to announce Santiago Solanas as its new Chief Executive Officer (CEO)....
03/06/2024
Dalet, a leading technology and service provider for media-rich organizations, a...
28/04/2024
Mediahaus delivers the first SRT live-streaming sports production over 5G with U...
27/04/2024
On April 26, L3Harris Chair and CEO Christopher E. Kubasik joined CNBC's Mor...
27/04/2024
PORTLAND, Oregon Audinate Group Limited, the developer of the Dante AV-over-IP solution, announced significant new additions to Dante Connect, its cloud-based D...
27/04/2024
TORONTO Bell Media has launched 10 English and French-language FAST channels featuring entertainment, factual, news, and sports programming. The new free stream...
27/04/2024
An extensive new analysis of the news segments in the broadcast evening news programs of ABC, CBS, NBC and PBS has found that broadcasters devoted most of their...
27/04/2024
GERMANTOWN, Md. EchoStar's Hughes Network Systems has opened a new manufacturing facility and private 5G incubation center in Germantown, Maryland....
27/04/2024
Harry Pappas, one of three brothers who founded Pappas Telecasting Companies in 1971, died April 24. He was 78 years old....
27/04/2024
ATLANTA and LONDON Mexican telecommunications and broadcast company Televisa has selected Synamedia for an overhaul of its broadcast distribution....
27/04/2024
Participate in the Survey - The Impact of AI on Media and the Creative Industry
Pascal Wagner April 26, 2024
0 Comments
By participating in this surve...
27/04/2024
SDVI Rally Access Workstation Earns Two Top Awards at 2024 NAB Show
Brie Clayton April 26, 2024
0 Comments
SDVI, the leading platform provider for clo...
27/04/2024
Berklee's Music and Health Institute Launches Community Health Musician Cert...
27/04/2024
Charter Communications reported higher first-quarter profits despite continued cord-cutting and competition for broadband customers....
27/04/2024
Two environmentally-focused groups are partnering to engage the unscripted TV world in finding better ways to address climate change. Reality of Change is an ec...
27/04/2024
Sarah Garcia has been promoted to weekend anchor at KTLM McAllen, Texas, known as Telemundo 40. Starting April 27, she will anchor Noticias Telemundo 40 weekend...
27/04/2024
CBS Sports said it launched a new 24-hour free, ad supported streaming television (FAST) channel devoted to the UEFA Champions League....
27/04/2024
Comcast chairman and CEO Brian Roberts received $35.4 million in compensation in 2023, up 11% from the previous year, according to a proxy statement filed by th...
27/04/2024
Art Happens Here With John Lithgow, which sees the actor study dance, ceramics, silk-screen printing and vocal jazz with students in Los Angeles, debuts on PBS ...
27/04/2024
Remember Leave It to Beaver? Bewitched? Dragnet? When cable ratings were rising?...
27/04/2024
Next up for the weekend binge at Catchy Comedy is Gomer Pyle, U.S.M.C. Every weekend, Catchy Comedy features The Catchy Binge, a marathon of a classic sitcom....
26/04/2024
Sundance Film Festival CDMX 2024 kicks-off today with screenings in 5 theaters in Mexico City and the opening-night film, FRIDA, directed by Carla Guti rrez...
26/04/2024
[Editor's Note: This interview is part of a larger feature about the women d...
26/04/2024
Once again this year, SGL Carbon opened its doors to interested children and young people. On the occasion of the German Girls and Boys Day, which took place on...
26/04/2024
Orders1 of $5.5 billion; book-to-bill of 1.06x
Revenue of $5.2 billion, up 17%,...
26/04/2024
Five Considerations For Communications Modernization In The 21st Century
In the digital-enabled battlespace, the Joint Force needs to shoot, move and communica...
26/04/2024
CBS Sports has launched Champions League as a new, 24-hour streaming channel that will serve as the year-round destination for nonstop highlights of the UEFA ...
26/04/2024
Despite tough competition in the streaming space, Roku reported solid results in Q1 2024, beating revenue expectations, with total net revenue up 19% YoY to $88...
26/04/2024
LONDON AND TORONTO Pinewood Toronto Studios has appointed Sarah Farrell as general manager of the Studios in downtown Toronto....
26/04/2024
Quantum to Offer Advanced Filesharing Technology and Performance in StorNext and...
26/04/2024
FilmLight Colour Awards welcomes 2024 entries and introduces new Emerging Talen...
26/04/2024
Picture Shop Announces Chris Evans as Head of Unscripted
Brie Clayton April 26, 2024
0 Comments
Picture Shop announced Chris Evans will lead Unscripte...
26/04/2024
Participate in a Survey - The Impact of AI on Media and the Creative Industry
Pascal Wagner April 26, 2024
0 Comments
By participating in this survey,...
26/04/2024
Toy maker Mattel said it is working with Samsung to launch its first free ad-supported streaming television (FAST) channels later this year....
26/04/2024
Trusted Media Brands (TMB) said it named Marty Moe as president....
26/04/2024
Ron Howard is the director on Jim Henson Idea Man, a documentary that premieres on Disney Plus May 31. Henson of course created Kermit the Frog, Miss Piggy, Big...
26/04/2024
The ice continues to melt under the regional sports network business as the Seattle Kraken of the National Hockey League have made a long-term deal to broadcast...
26/04/2024
Heading into the upfronts, Warner Bros. Discovery said it launched Olli, a first-party data platform advertiser can use for converged, targeted advertising camp...
26/04/2024
CBS has renewed the drama The Equalizer, which will see season five on in 2024-2025. Queen Latifah stars....
26/04/2024
The CW has entered into an exclusive multiyear broadcast partnership for the Miss USA Pageant and the Miss Teen USA Pageant. The 73rd Miss USA Pageant will air ...
26/04/2024
Fuse Media isn't mincing words in a campaign urging its young viewers to register and participate in the 2024 elections....
26/04/2024
Dead Boy Detectives, a series from Neil Gaiman about a detective agency staffed by ghosts, debuts on Netflix April 25. George Rexstrew and Jayden Revri are in t...
26/04/2024
The Story Collective has gradually repurposed the former Mortlake Brewery to include production offices, workshops and sound stages
By Matthew Corrigan
Publi...
26/04/2024
Perkett joins the company following a 25 year career in product management, product marketing, engineering and user experience (UX) across multiple industries
...
26/04/2024
Teradek, the industry leader in wireless video transmitters and receivers, announced today the launch of new Bolt 6 LT 750 and Bolt 6 Monitor Module 750 RX with...
26/04/2024
NEW YORK Amagi has appointed Richard Perkett chief product officer (CPO)....
26/04/2024
WASHINGTON, D.C. The National Association of Broadcasters (NAB) has announced the results of the 2024 NAB Radio and Television Board of Directors elections. The...
26/04/2024
EL SEGUNDO, Calif. & NEW YORK Mattel has announced a deal to launch its first three 24/7 free ad supported streaming (FAST) channels on Samsung TV Plus, Samsung...
26/04/2024
PORTLAND, Maine Viewers here can now receive the NextGen TV signals of five local stations with the launch of ATSC 3.0 service from host station WPFO, which is ...
Record turnover, strong growth in key regions, and numerous new products: the Sennheiser Group, which recently published its annual results, can look back on a successful fiscal year 2015 that underscored its objective of shaping the future of the audio industry. Total turnover rose by 7.5% to 682.2 million. Across all global regions, the company's turnover developed significantly, particularly in the Americas and APAC. Profit before taxes in 2015 amounted to 30.3 million.
