Sennheiser Group Fiscal Year 2022

Play

Review of 2022

A year focused on our professional audio business with investments in the future. With increased demand for professional and hybrid meeting solutions and live events celebrating a comeback after the Corona pandemic, the Sennheiser Group looks back on a year of continued growth. This confirms: the focus on our core competencies provides us with the opportunity to further invest in our people, own production facilities and innovations to shape the future of audio.

The following annual report looks back on the past financial year. Since March 2022, we focus on our professional audio business.

Turnover development with professional audio solutions

In € millions / change from previous year in percent

With its professional audio solutions, the Sennheiser Group generated turnover of €467.7 million in fiscal year 2022. This corresponds to an increase of 26 percent or €96.4 million compared to the previous year. Results at a glance

Turnover development with professional audio solutions
  • Turnover development with professional audio solutions

    In € millions / change from previous year in percent

    With its professional audio solutions, the Sennheiser Group generated turnover of €467.7 million in fiscal year 2022. This corresponds to an increase of 26 percent or €96.4 million compared to the previous year. Results at a glance

    Turnover development with professional audio solutions
  • Turnover by region

    In € millions / change from previous year in percent

    In 2022, the EMEA region continued to be the region with the highest turnover with €196.9 million. In its home market, Germany, Sennheiser generated turnover of €63.6 million. In the APAC region, Sennheiser achieved turnover of €93.0 million and in the Americas region €177.8 million. This excludes turnover from the Consumer segment. Results at a glance

    Turnover by region
  • Turnover development of the Sennheiser Group

    In € millions / change from previous year in percent

    The Sennheiser Group generated turnover of €507.4 million in fiscal year 2022. With its professional audio solutions, the company generated turnover of €467.7 million. The Consumer Business, which was fully included in sales in 2021 and accounted for around half of the business, is still included with two months in 2022. The 20.3 percent decrease in sales presented is attribuable to the sale of the Consumer Business. Results at a glance

    Turnover development of the Sennheiser Group

Exploring our planet through sound

The focus of production at our headquarters in Wedemark, Germany, is on technologies for high-precision, automated processes and on the manufacture of high-end products. The plant in Brașov, Romania, specializes in manual production as well as final product testing and packaging.

Production sites

In addition to production facilities in Germany and Romania, we have our own plant in Albuquerque, USA.

Production sites
  • Production sites

    In addition to production facilities in Germany and Romania, we have our own plant in Albuquerque, USA.

    Production sites
  • Development centers

    We conduct research at seven locations to shape the future of the audio world.  Two of them are in Switzerland (Zurich and Puidoux) and five of them are in Germany (Wennebostel, Berlin, Duisburg, Dusseldorf, and Hamburg).

    Development centers
  • Research & Development Investments

    In year 2022

    In 2022, we invested € 41.8 million in research and development of new audio technologies.

    Research & Development Investments
  • Patent application

     In 2022, we applied for eight new patents. In total, the Sennheiser Group already holds 227 patents for 117 inventions (patent families).

    Patent application

Traditional teaching is outdated

How can innovative teaching improve access to education? The University of Quebec (UQAM) is setting new standards: an avant-garde AV-over-IP system with Sennheiser ceiling microphones enables hybrid learning for all UQAM students. As a result, faculty and students experience a clear, interference-free audio experience — both on-site in the amphitheater and when learning remotely.

Read more

Total employees

As of 31-12-2022

Every day, 2,035 employees worldwide work with passion to fulfill the wishes of our customers. Worldwide, 23 apprentices are part of our team.

Total employees
  • Total employees

    As of 31-12-2022

    Every day, 2,035 employees worldwide work with passion to fulfill the wishes of our customers. Worldwide, 23 apprentices are part of our team.

    Total employees
  • Development of numbers of employees

    Change from previous year in percent

    As of December 31, 2022, we employeed 2,035 people.  *The workforce status for 2021 was recorded on March 01, 2022 after the sale of the Consumer Segment.

    Development of numbers of employees
  • Employees by region

    As of 31-12-2022

    With its 32 subsidiaries, the Sennheiser Group is active in over 50 countries worldwide.

    Employees by region
  • Employees in production

    Employees by people

    Just under a quarter of our employees work at one of our two European production sites.

    Employees in production

South Korea is much more than just K-pop

With K-pop hits conquering Western charts, worldwide recognition for Korean music continues to grow. But the Korean music scene has much more to offer, ranging from folk to heavy metal. In the midst of it all is Sonic Korea, one of the most successful mastering studios in South Korea and with Neumann and Merging, it is proving itself to be the pioneer of immersive audio in Asia.

Read more

Nationalities

As of 31-12-2022

People of 29 different nationalities work at our headquarters in Wedemark. Worldwide, our employees represent over 53 nationalities.

Nationalities
  • Nationalities

    As of 31-12-2022

    People of 29 different nationalities work at our headquarters in Wedemark. Worldwide, our employees represent over 53 nationalities.

    Nationalities
  • Gender split

    As of 31-12-2022

    The overall percentage of women is 41 percent, the percentage of women in management positions is 19 percent.

    Gender split
  • Generation split

    As of 31-12-2022

    Four different generations work together at our company. Generations X and Y are the most strongly represented.

    Generation split

E-mobility meets electrifying sound

The latest hero of the CUPRA family is driven by Sennheiser sound. Its immersive high-fidelity audio system transforms every drive in CUPRA's first all-electric SUV coupe into a unique sound experience. This is what game-changing collaboration sounds like.

Read more

About our Supervisory Board

The Supervisory Board of Sennheiser electronic GmbH & Co. KG met for four ordinary and one extraordinary meeting in the past fiscal year.

The board consists of the following four members since January 2022: Andreas Dornbracht (Chairman), Prof. Dr. Jörg Sennheiser, Stefan Plenz and Iris Epple-Righi.