Sennheiser Group Annual Report 2023

The year 2023 was marked by great live concerts, strong business solutions and big investments – because building the future of audio also means investing in it. This is what the family-owned company has been doing for generations. The following annual report looks back on a year of repeated growth, exciting innovations, and the achievements of the best team in the industry.

A Conversation with Dr. Andreas and Daniel Sennheiser

The Co-CEOs on the third consecutive year of growth, investments, and the future of the audio industry.

Read the interview

A Conversation with Dr. Andreas and Daniel Sennheiser

Turnover

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€527.2m
+12.7%
2023
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 turnover of €527.2 million in fiscal year 2023. This corresponds to an increase of 12.7 percent or €59.5 million compared to the previous year. This is the third consecutive year of growth for the family-owned company.

Click on the bars in the chart to see individual values.
EMEA
€240.6m
+22.2% (Includes Germany: €76.1m / +19.7%)
Turnover by region

In € millions / change from previous year in percent

In 2023, EMEA continued to be the region with the highest turnover with €240.6 million. This corresponds to growth of 22.2 percent compared to the previous year. In its home market Germany, the Sennheiser Group generated turnover of €76.1 million (+19.7 percent).

In the APAC region, the Sennheiser Group generated turnover of €107.2 million, depicting growth of 15.3 percent.

The Americas region generated a total turnover of €179.4 million in 2023 and thus achieved slight growth of 0.9 percent.

Click on the regions to see the respective turnover.
€527.2m
+12.7%
2023
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 turnover of €527.2 million in fiscal year 2023. This corresponds to an increase of 12.7 percent or €59.5 million compared to the previous year. This is the third consecutive year of growth for the family-owned company.

Click on the bars in the chart to see individual values.
EMEA
€240.6m
+22.2% (Includes Germany: €76.1m / +19.7%)
Turnover by region

In € millions / change from previous year in percent

In 2023, EMEA continued to be the region with the highest turnover with €240.6 million. This corresponds to growth of 22.2 percent compared to the previous year. In its home market Germany, the Sennheiser Group generated turnover of €76.1 million (+19.7 percent).

In the APAC region, the Sennheiser Group generated turnover of €107.2 million, depicting growth of 15.3 percent.

The Americas region generated a total turnover of €179.4 million in 2023 and thus achieved slight growth of 0.9 percent.

Click on the regions to see the respective turnover.
€527.2m
+12.7%
2023
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 turnover of €527.2 million in fiscal year 2023. This corresponds to an increase of 12.7 percent or €59.5 million compared to the previous year. This is the third consecutive year of growth for the family-owned company.

Click on the bars in the chart to see individual values.
EMEA
€240.6m
+22.2% (Includes Germany: €76.1m / +19.7%)
Turnover by region

In € millions / change from previous year in percent

In 2023, EMEA continued to be the region with the highest turnover with €240.6 million. This corresponds to growth of 22.2 percent compared to the previous year. In its home market Germany, the Sennheiser Group generated turnover of €76.1 million (+19.7 percent).

In the APAC region, the Sennheiser Group generated turnover of €107.2 million, depicting growth of 15.3 percent.

The Americas region generated a total turnover of €179.4 million in 2023 and thus achieved slight growth of 0.9 percent.

Click on the regions to see the respective turnover.

€527.2m

+12.7%

2023

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 turnover of €527.2 million in fiscal year 2023. This corresponds to an increase of 12.7 percent or €59.5 million compared to the previous year. This is the third consecutive year of growth for the family-owned company.

Click on the bars in the chart to see individual values.

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Turnover development of the Sennheiser Group

Ready for a new era of live audio

Sennheiser’s WMAS prototype did not just rock the stage during the World Radio Conference: The innovative technology brought the promise of great things ahead and is set to permanently change the future of live audio. (Photo: 3DB)

Research & Development

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Patents
In 2023, nine new patents were registered. In total, the Sennheiser Group holds 236 patents (patent families); including 190 granted patents.
Development centers
The Sennheiser Group has seven development locations to build 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.
Investments in Research & Development
In 2023, the Sennheiser Group invested about €46 million in research and development of new audio technologies.
Patents
In 2023, nine new patents were registered. In total, the Sennheiser Group holds 236 patents (patent families); including 190 granted patents.
Development centers
The Sennheiser Group has seven development locations to build 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.
Investments in Research & Development
In 2023, the Sennheiser Group invested about €46 million in research and development of new audio technologies.
Patents
In 2023, nine new patents were registered. In total, the Sennheiser Group holds 236 patents (patent families); including 190 granted patents.

Investments in Research & Development

In 2023, the Sennheiser Group invested about €46 million in research and development of new audio technologies.

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Investments in Research & Development

The revolution of hybrid learning

Sennheiser builds the future of learning at the University of Greenwich with pioneering AV technology: This is learning in the digital age.

Employees

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Employees in production
With 419 employees, about a fifth of the Sennheiser Group's team works in production. In Wennebostel, Germany, there are 306 production employees, and in the production facility in Braşov, Romania, there are 113.
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.
Number of employees

As of 31-12-2023

Every day, 2,180 employees worldwide work with passion to create remarkable sound experiences. Overall, 27 apprentices are part of the global Sennheiser Team.
2,180
+7.1%
2023
Development of numbers of employees

Change from previous year in percent

As of December 31, 2023, the Sennheiser Group employed 2,180 people. In 2021, the number of employees reflects the sale of the consumer business.

Click on the bars in the chart to see individual values.
6%
AMERICAS
Employees by region

As of 31-12-2023

With its 21 sales subsidiaries and 55 sales partners, the Sennheiser Group is active in more than 100 countries worldwide.

Click on the segments in the pie chart to see individual values.
Employees in production
With 419 employees, about a fifth of the Sennheiser Group's team works in production. In Wennebostel, Germany, there are 306 production employees, and in the production facility in Braşov, Romania, there are 113.
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.
Number of employees

As of 31-12-2023

Every day, 2,180 employees worldwide work with passion to create remarkable sound experiences. Overall, 27 apprentices are part of the global Sennheiser Team.
2,180
+7.1%
2023
Development of numbers of employees

Change from previous year in percent

As of December 31, 2023, the Sennheiser Group employed 2,180 people. In 2021, the number of employees reflects the sale of the consumer business.

Click on the bars in the chart to see individual values.

Number of employees

As of 31-12-2023

Every day, 2,180 employees worldwide work with passion to create remarkable sound experiences. Overall, 27 apprentices are part of the global Sennheiser Team.

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Number of employees

Small microphone – legendary sound

The Neumann Miniature Clip Microphone System is conquering stages around the world: At events such as Adele's residency show in Las Vegas and Andrea Bocelli's concert in Abu Dhabi, Neumann’s new product impressed across the board. (Photo: STUFISH)

Diversity

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39%
Female
Gender split

As of 31-12-2023

The overall gender split in the Sennheiser Group is 39 percent women and 61 percent men. The share of women in management positions is 19 percent.

Click on the segments in the pie chart to see individual values.
13%
Baby Boomer
(before 1966)
Generation split

As of 31-12-2023

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

Click on the segments in the pie chart to see individual values.
Nationalities
As of 31-12-2023

People of 33 different nationalitities work at the headquarters in Wedemark. Worldwide, there are 54 nationalities represented.
39%
Female
Gender split

As of 31-12-2023

The overall gender split in the Sennheiser Group is 39 percent women and 61 percent men. The share of women in management positions is 19 percent.

Click on the segments in the pie chart to see individual values.
13%
Baby Boomer
(before 1966)
Generation split

As of 31-12-2023

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

Click on the segments in the pie chart to see individual values.
Nationalities
As of 31-12-2023

People of 33 different nationalitities work at the headquarters in Wedemark. Worldwide, there are 54 nationalities represented.
39%
Female
Gender split

As of 31-12-2023

The overall gender split in the Sennheiser Group is 39 percent women and 61 percent men. The share of women in management positions is 19 percent.

Click on the segments in the pie chart to see individual values.

Nationalities

As of 31-12-2023

People of 33 different nationalitities work at the headquarters in Wedemark. Worldwide, there are 54 nationalities represented.

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Nationalities

The Future of Spatial Audio

AMBEO revolutionizes spatial audio production and helps producers to create an immersive experience. From gaming to mobility, Sonologic-Design, a leading Japanese studio, embraces the groundbreaking AMBEO solutions.

Press Release

A look back on a successful 2023 fiscal year: Read the full press release here.

Sennheiser Innovation Campus entrance at night with illuminated buildings.

About our Supervisory Board

The Supervisory Board of Sennheiser electronic GmbH & Co. KG held four ordinary meetings in the past financial year. The Board consisted of the following members: Andreas Dornbracht (Chairman), Prof. Dr. Jörg Sennheiser, Stefan Plenz and Iris Epple-Righi.

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 Andreas and Daniel Sennheiser as Managing Directors.