2017 09 04 Wahl – James Martin 468 x 60 header banner

Business sennheiserhd_4_50_ae_bt_detail_rgb_red

Published on June 22nd, 2017 | by The GC Team


Pre-tax profit up 15.2% at Sennheiser

The Sennheiser Group has reported a decline in turnover but an increase in profit for its 2016 fiscal year.

Revenue fell 3.8% to €658.4 million, which the company said was due to placing greater focus on its core business.

Group profit before taxes rose by 15.2% to €34.9 million, mainly due to a reduction in material, personnel and other operating expenses.

The audio specialist invested €54.5 million in R&D – 16% more than in 2015.

Co-CEO Daniel Sennheiser said “…in 2016 we did a lot of groundwork to ensure our future success by delivering even greater innovation and value to our customers.

“As a family-owned company, we focus on the long term and pursue a clear goal: shaping the future of audio.”


About the Author

Get Connected is the top trade journal for the UK electricals industry. Its website is the fastest, most interesting and up to date in the business.

Leave a Reply

Your email address will not be published. Required fields are marked *

20 − nineteen =

Back to Top ↑

Subscribe to GC's weekly e-Bulletin