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HIMA financial results 2014

Hydrocarbon Engineering,

In fiscal year 2014 HIMA Paul Hildebrandt GmbH once again achieved record sales, €121.3 million (previous year €105 million). The family owned enterprise headquartered in Bruehl, Germany, continued double digit growth; the sales increase compared to the previous year is 15%. HIMA further extended its market leadership for safety-related automation solutions in Europe.

The safety specialist achieved a strong positive result in Europe in fiscal year 2014, increasing sales by 24%. In North America, HIMA posted a 12% gain compared with the previous year.

"We again succeeded in significantly improving our performance, particularly in the established markets of Europe and the US,” said Sankar Ramakrishnan, CEO at HIMA. "At the same time we are focused on the development in growth markets. Today we generate half of our sales outside of Europe; this is not only indicative of a healthy expansion strategy, but it also strengthens our Bruehl headquarters location," he continued. The development in Africa was particularly successful. Last year in Africa HIMA won two major projects, in Nigeria and the Republic of Congo.

Based on current incoming orders, the positive business development is projected to continue, with a high growth rate forecasted for fiscal year 2015. "We continue to write the HIMA success story," said Steffen Philipp, Managing Partner of HIMA. "Considering that five years ago in fiscal year 2010 we had revenues of approximately €75 million, our growth is a proud achievement."

Edited from press release by Claira Lloyd

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