Junghans – The German watch - Junghans records positive results again
October, 2014
Two years after its successful anniversary Uhrenfabrik Junghans GmbH & Co. KG also made a profit in 2013, finishing the year in the black on turnover of some 20 million euros. The biggest part of its sales was once again achieved by mechanical watches in 2013, with 66 percent. The Meister range in particular made a major contribution – now accounting for a third of sales. In addition, 2013 also saw the models of the classic collections receive several awards. International distribution was further secured in 2013, making up 33 percent of brand turnover. In Europe growth was recorded in France, Spain and the Benelux states, with successes also achieved in the target markets of Japan, Hong Kong and South Korea. Internationally, it proved possible to maintain the level of sales of the previous year. Within Germany it was not possible to repeat the sales of the successful year 2012. As in the preceding years, Junghans also maintained its fair co-operation with specialist retail in 2013. Reliable and equitable partnership is very important to Junghans – despite the tough competition in the domestic market. Protection and nurturing of the brand was in particular focus in 2013. Junghans defended itself successfully against infringements of image rights and copying by competitors – and will continue to take legal steps to prevent this. Although the German market stagnated, Junghans invested in renovation and conversion work on the company site, as well as in the corporate structure via a new hardware landscape, also launching an ERP project. The workforce remained constant, at 122 employees.
Outlook for 2014
The company is set to introduce new timepieces in 2014: the classic Meister range will see the addition of the Meister Telemeter, with a combination of classic and sporty dynamism bringing a new masterpiece to the Junghans portfolio. There will also be a further extension of the max bill by junghans designer range, which will see the addition of quartz technology and further automatic models. The broad scope of expertise of the brand with the star is also evident in the new multi-frequency radio-controlled watches joining the Technology collection. The new models will be presented at the INHORGENTA MUNICH, from 14 to 17 February 2014.
2014 also sees Junghans present a new, emotional and aesthetic image concept. In addition to the products, the imagery will also focus on people. With the new concept Junghans demonstrates what the brand with the star stands for: passion, quality and style. Junghans plans to consistently pursue the successful course of the recent past. This will require further investment at the Schramberg site, in both corporate structure and technology.
Junghans – the German watch
For more than 150 years, the Junghans brand has stood for quality, reliability and passion. Based in Schramberg, Germany, the long-established, independent company designs and manufactures watches that set new standards and are held in high regard around the world. Having close ties to the company’s location and being committed to the values that Junghans embodies, the owners work hard to maintain traditions and to move purposefully forward to a successful future. Tradition and an unswerving spirit of innovation are also reflected in the design and engineering of the company’s watches. In this regard the spectrum embraces all current watchmaking technologies: from classic mechanical watches and quartz technology all the way to the company’s own radio-controlled and solar technology. With innovative products ‘Made in Germany’ and an international outlook, Junghans will continue in future to further develop the unique success story of the watch with the star.