group Hettich, a German manufacturer of furniture accessories, has reported a turnover of €1.4bn in 2024, representing an increase of 12% year-on-year. The main driver of this growth was the merger with FGV, which was completed in January 2024.
Photo: Hettich
External sales represented 80% of total turnover, confirming the company's international orientation. Hettich currently employs around 8,400 people globally, 4,000 of whom work in Germany.
A direct effect of the merger was the establishment of the first joint subsidiary, Hettich Vietnam, in January 2025. This expansion comes as the group has invested more than €450 million over the past three years in developing new products and increasing production capacity.
The company is facing challenges related to geopolitical crises, technological uncertainty and the downturn in the construction sector. Also, the Carbon Border Adjustment Mechanism (CBAM), which does not include furniture accessories, is a competitive disadvantage for sustainably manufactured products in Europe.
For 2025, the company aims to focus on digitizing processes, strengthening existing customer relationships and expanding its global presence.
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