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2021: A year of hope and endurance – some concerts were allowed to take place again, but only under strict conditions. People gradually felt safer again, but still not as free as before. 2021 was a tour de force - not only for our company, but also for our employees and our customers. But now, more than ever, we know that it was all worth it. A fiscal year in which we achieved incredible things together and thus set the course for a successful future.
The following annual report looks back at the 2021 financial year. Since March 2022, we are focusing entirely on our professional business.
Co-CEOs Dr. Andreas Sennheiser and Daniel Sennheiser on a unique year for Sennheiser, on refocusing and on what really matters: true team spirit.
In 2021, despite a partial standstill, a lot has moved socially - especially in the music scene and especially in female hiphop. A new breed of artists are rapping about what moves them rather than conforming to sexist roles and clichés. Yetundey from Berlin, who we had the pleasure of welcoming to the Sennheiser Evolution Wireless Digital Launch Event, is one of them. She is proof that female artists are making this once male-dominated genre more diverse and exciting than ever. The beginning of a movement to the New Normal.
Since the start of the pandemic, it became undeniable how important reliable and modern meeting and conferencing solutions are. Suddenly, there was a huge demand for increasingly sophisticated technologies in almost all industries. Since 2021, our TeamConnect Ceiling 2 audio and conferencing solution has been enhancing conference experiences worldwide. We see it in action at the state-of-the-art offices of the German Centre Beijing in China.
In 2021, many bands and musicians were able to return to the stage, while newcomers could at last making their stage debuts. Neumann wants to make live performances as easy as possible for all artists - and in 2021 has integrated instrument microphones into its portfolio for the first time. As it’s Neumann, the emphasis naturally on ensuring high stability and durability in live and stage operation. Because investing in Neumann means investing for life.
It was hard to imagine the everyday lives of millions of people worldwide in 2021 without Netflix. Especially during the pandemic, the evening Netflix series was a special highlight for many. The AMBEO 2-Channel Spatial Audio Renderer brings the home TV experience a little closer to cinema: it translates immersive original mixes into 2-channel audio, providing a spatial experience that goes far beyond stereo. Netflix is the first streaming platform to offer this experience for select content, with Stranger Things kicking things off.
The Supervisory Board of Sennheiser electronic GmbH & Co. KG met for four ordinary and five extraordinary meetings in the past fiscal year.
The board initially consisted of three members since March 2021, after Dr. Frank Heinricht handed over his position as Chairman to Andreas Dornbracht and retired from the Sennheiser Supervisory Board after 12 years. Andreas Dornbracht (Chairman), Prof. Dr. Jörg Sennheiser and Johann Soder formed the Supervisory Board team from March to October 2021.
Stefan Plenz, who brings more than 30 years of experience in mechanical and plant engineering to his role as a member of the Sennheiser Group's Supervisory Board, joined the board in October 2021. In January 2022, the team was completed by Iris Epple-Righi, who has years of experience in business management and merchandise management and thus ideally complements the Supervisory Board. The Supervisory Board of the Sennheiser Group is therefore once again fully staffed.
Further information can be found here.