Sennheiser Group Annual Report 2024

In 2025, we are celebrating our 80th anniversary – eight decades of passion for sound and a strong sense of responsibility as an independent family-owned company. Throughout the 2024 fiscal year, we continued to consolidate our position in the professional audio market and introduced innovative solutions. Building the future of audio means investing in the future, which is why we are investing specifically in new products, digital processes, and our production sites in Germany and Romania. This year's annual report invites you to look back on a year full of transformation, vision, and sound innovation – and to get to know the Sennheiser Group as a company that has created unique audio experiences around the globe for eight decades.

A Conversation with Dr. Andreas and Daniel Sennheiser

The Co-CEOs on 80 years of passion for sound, the 2024 fiscal year, and the art of building the future through experience.

Read the interview

A Conversation with Dr. Andreas and Daniel Sennheiser

Turnover

Turnover development of the Sennheiser Group
In € millions / change from previous year in percent

With its focus on the professional audio business, the Sennheiser Group generated a turnover of €492.3 million in fiscal year 2024. After three consecutive years of growth, the family-owned company is now reporting a moderate revenue decline of 6.6 percent, or €34.9 million, compared to the previous year.
Turnover by region
In € millions / change from previous year in percent

The EMEA region continued to generate the highest revenue in 2024 with €232.1 million. In its home market of Germany, the Sennheiser Group recorded revenue of €78.8 million.

In the APAC region, the Sennheiser Group achieved revenue of €109.7 million.

The Americas region generated total revenue of €150.5 million in fiscal year 2024.

Turnover development of the Sennheiser Group

In € millions / change from previous year in percent

With its focus on the professional audio business, the Sennheiser Group generated a turnover of €492.3 million in fiscal year 2024. After three consecutive years of growth, the family-owned company is now reporting a moderate revenue decline of 6.6 percent, or €34.9 million, compared to the previous year.

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Turnover development of the Sennheiser Group

Spectera: Rewriting the Rules of Live Sound

During their high-energy live shows at Copenhagen’s legendary music venue VEGA, Danish EDM icons Infernal became early adapters of our innovative Spectera system while testing and trying the many possibilities of live wireless monitoring. With unprecedented clarity and seamless stage-to-crowd connection, every beat opened up new creative freedom on the dance floor.

Research & Development

Investments in Research & Development
In 2024, the Sennheiser Group invested about €49 million in research and development of new audio technologies.
Patents
In 2024, 22 new patents were registered. In total, the Sennheiser Group holds 235 patents (patent families); including 182 granted patents.
Development centers
In 2024, the Sennheiser Group had seven development locations to build the future of the audio world. Two of them in Switzerland (Zurich and Puidoux) and five of them in Germany: Wennebostel, Berlin, Duisburg, Dusseldorf, and Hamburg.

Investments in Research & Development

In 2024, the Sennheiser Group invested about €49 million in research and development of new audio technologies.

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Investments in Research & Development

Where Heritage Meets Innovation

A 15th-century room, brought back to life through sound: At Oxford’s All Souls College, our SpeechLine Digital Wireless makes every voice heard—clearly, naturally, and without any distraction in sight. It's a prime example of how our 80 years of experience are building the future of the audio world.

Employees

Number of employees
As of 31-12-2024

Every day, 2,196 employees worldwide work with passion to create remarkable sound experiences. Overall, 26 apprentices are part of the global Sennheiser Team.
Development of numbers of employees

Change from previous year in percent

As of December 31, 2024, the Sennheiser Group employed 2,196 people. In 2021, the number of employees reflects the sale of the consumer business.
Employees by region
As of 31-12-2024

With its 25 sales subsidiaries and 55 sales partners, the Sennheiser Group is active in various countries worldwide. A grand total of 2,196 employees work for the company, around 1,825 of whom are based in the EMEA region, with 1,398 in Germany. There are 229 employees in the APAC region and 142 employees in the Americas region.
Employees in production
With 406 employees, about a fifth of the Sennheiser Group's team works in production. In Wennebostel, Germany, there are 291 production employees, and in the production facility in Braşov, Romania, there are 115.

Number of employees

As of 31-12-2024

Every day, 2,196 employees worldwide work with passion to create remarkable sound experiences. Overall, 26 apprentices are part of the global Sennheiser Team.

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Number of employees

Immersive Sound That Powers Creativity

From hip-hop icons to global labels, Lounge Studios in the heart of New York trust Neumann monitor setups across six rooms—delivering precise, immersive audio that meets the highest creative standards.

Diversity

Nationalities
As of 31-12-2024

People of 33 different nationalitities work at the headquarters in Wedemark. Worldwide, there are 57 nationalities represented.
Gender split
As of 31-12-2024

The overall gender split in the Sennheiser Group is 38 percent women and 62 percent men. The share of women in management positions is 22 percent.
Generation split
As of 31-12-2024

Four different generations work together for the Sennheiser Group. Generations X and Y are the most strongly represented.

Nationalities

As of 31-12-2024

People of 33 different nationalitities work at the headquarters in Wedemark. Worldwide, there are 57 nationalities represented.

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Nationalities

Driving Sound Innovation Forward

Unveiled as a world premiere in Australia, the all-electric smart #5 delivers a completely new audio experience on the road. With 80 years of experience, AMBEO technology, and deep bass, it creates an immersive sound that evokes emotion and takes driving to a new acoustic level. For everyone who wants to not only hear sound but feel it.

Our Responsibility

Environment, Government, Social
To ensure our sustainability efforts are focused and effective, we conducted a comprehensive materiality assessment. By evaluating both impact and financial relevance we identified key sustainability topics that shape our strategy. This process, enriched by expert workshops and stakeholder input, ensures that our efforts are aligned with what truly matters, embedding sustainability at the core of our business.

For more information you can download our first ESG-Report.
Production sites
The focus of production at the headquarters of the Sennheiser Group in Wedemark, Germany, is on technologies for high-precision, automated processes and on the manufacture of high-end products. The plant in Braşov, Romania, specializes in manual production as well as final product testing and packaging.

Environment, Government, Social

To ensure our sustainability efforts are focused and effective, we conducted a comprehensive materiality assessment. By evaluating both impact and financial relevance we identified key sustainability topics that shape our strategy. This process, enriched by expert workshops and stakeholder input, ensures that our efforts are aligned with what truly matters, embedding sustainability at the core of our business.

For more information you can download our first ESG-Report.

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Environment, Government, Social

Our Executive Management Board

The Executive Management Board (EMB) of Sennheiser is led by our Co-CEOs Dr. Andreas and Daniel Sennheiser. It consists of representatives from all three business units, as well as the Supply Chain, Development, and Corporate Functions. Additionally, the Corporate Development Office and Brand & Corporate Communications are part of the extended EMB.

Press Release

A look back at the fiscal year 2024 – and why investments in technology, customer relationships, and own production sites are more important than ever.

Sennheiser Innovation Campus entrance at night with illuminated buildings.

About our Supervisory Board

The Board of Directors of Sennheiser electronic SE & Co. KG held four ordinary and one extraordinary meeting in the past financial year. The Board consisted of the following members: Andreas Dornbracht (Chairman), Prof. Dr. Jörg Sennheiser (Honorary member), Iris Epple-Righi and Stephan Plenz.

On 1 February 2024, Sennheiser electronic GmbH & Co. KG was renamed Sennheiser electronic SE & Co. KG. In this context, the current Supervisory Board was transferred to the new Board of Directors. This now consists of the previous Supervisory Board members as well as Dr. Andreas and Daniel Sennheiser as Managing Directors.