Annual Report

Annual Report 2017

Key Facts

  • In the fiscal year 2017, the Sennheiser Group generated turnover of €667.7 million. This corresponds to a slight increase of 1.4 percent.
  • The Group's operating profit before taxes declined compared to the previous year by €39.4 million to €-4.5 million. This includes restructuring costs of around €21.6 million, which are reported in the expenses as one-time effects.
  • Sennheiser took action at an early stage and developed its organizational structure to counteract the decline in earnings and secure profitable growth in the long term, thereby positioning the family business successfully for the future. To this end, the two divisions, Consumer and Professional, were further strengthened by integrating general functions such as product management, marketing and sales into the organizational units.
  • On average, the number of employees amounted to 2,728 - an increase of 0.1 percent compared to the previous year. At the end of the year 2017, the Sennheiser Group counted 2,833 employees worldwide.
  • Research and development were further strengthened: Sennheiser invested €57.8 million, which is a total of 6.2 percent more than in the year before.