Page 9 - Hoftex Annual Report 2018 EN

During the Annual General Meeting, the Chairman of the Supervisory Board presents the Management Board’s written report.
The Management Board comprises two members, while the divisions in the individual subsidiaries are run by their respective managing directors. The managing directors receive support from a manage- ment team that includes staff for sales, production/engineering and finance.
As of 31 December 2018 the Hoftex Group comprised 15 domestic (prior year: 16) and 4 foreign (prior year: 3) subsidiaries. The following chart presents an overview of the divisions and their locations:
Letter to Shareholders Supervisory Board Report Group Management Report Consolidated Financial Statements Annexes
Locations Hof (DE) Selbitz (DE) Drebach (DE)
2018
Locations Hof (DE) Reichenbach (DE)
HOFTEX
2018
Sales in EUR million 22.7 Unit sales million kg 3.3 Employees 161
Mittweida (DE) Lincolnton (USA)
2018
Huzhou (CN) Locations Münchberg (DE) Milan (IT) Targu Mures (RO)
Employees 739 Employees 249 Fig. 1: Group Overview
Sales in EUR million 133.9 Sales in EUR million 15.2
22
Unit sales million m 272 Unit sales million m 4.2
As a medium-sized, family-operated business, the Hoftex Group intends to continue its sustainable, performance-based growth strategy.
TENOWO
NEUTEX
1.3. Strategy and objectives
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