BAD WALDSEE, Germany — Thanks to its growth strategy and targeted acquisitions, the Erwin Hymer Group is benefiting greatly from a global boom in the caravanning industry.
In the past two financial years, the Erwin Hymer Group has increased sales by more than 55 percent from €1.36 billion to €2.12 billion. In the financial year 2016–17 alone, it achieved sales growth of 38 percent with a total of 55,000 vehicles sold. The Hymer family, owners of the Erwin Hymer Group, have now announced their plans for the company’s future.
The Hymer family is currently examining various strategic approaches to further support the company’s growth and to establish the best possible position for the group in a dynamic global market. Possible options include an initial public offering (IPO) or the involvement of a strategic partner. It is planned to sell off a significant minority investment.
Martin Brandt, CEO of the Erwin Hymer Group: ‘Over the past two years, we have invested more than €300 million in the future of the Erwin Hymer Group. The coming years will require further significant investment in the growth of our business and the development of innovative products and services. The family has therefore decided to put the shareholder structure of the Erwin Hymer Group on a broader basis.’
Johannes Stegmaier, chairman of the supervisory board and family spokesman: ‘The Hymer family has made this decision after careful consideration and at the right time. This step is intended to further strengthen the development of the company and to create the best conditions for a successful future.’
Macquarie Capital has been commissioned to assist the Hymer family in evaluating and implementing the alternatives.
SOURCE: Erwin Hymer Group press release