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.

Turnover

  • €527.2m

    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

    +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

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

Research & Development

  • 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.
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Investments in Research & Development

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.