Ravensburger achieves growth and expands management board
The Ravensburger Group once again achieved extraordinary growth in 2024, increasing its turnover by 18.2% to 790 million euros; therefore performing significantly better than the market environment. The strong results are attributed primarily to international expansion, the development of a new business division around the trading card game Disney Lorcana and the relaunch of the bestseller tiptoi. The company's continued success was also reflected in management and staffing: Ravensburger strengthened its two-person board with the appointment of a further two members and the company’s workforce also grew by 182 to 2,483 employees by the end of last year.
Double digit growth
Despite the somewhat subdued consumer mood, Ravensburger remained on a growth trajectory. In 2023 and 2024, the company achieved double digit growth in its turnover, with innovation and internationalization driving the group's business forward. ‘We have steadily improved the group's financial strength while also maintaining strong profitability,’ said CFO Hanspeter Mürle on the eve of Nuremberg Toy Fair, commenting on the business situation. ‘This has enabled us to make sustainable investments, especially in product innovations such as Disney Lorcana, which secure our growth, particularly in times of weaker economic activity.’
Toy sales remain comparatively stable
The international toy markets declined slightly overall; with consumer spending in Germany similarly restrained. ‘However, toys are a comparatively stable business in the long term,’ emphasized CEO Clemens Maier. ‘There will always be demand – worldwide – for togetherness, playful learning or active relaxation, especially if they are marketed with the right themes. Consequently, we are continuing to develop Ravensburger as a global company.’ The Ravensburger Group now generates 70% of its sales abroad, with almost 40% of this in North America.
Sales manager from Germany and head of games from the USA join Ravensburger board
For the past eight years, Ravensburger has been led by CEO Clemens Maier and CFO Hanspeter Mürle. Their continued strategy of internationalization and innovation drove continued growth for the company. Reflecting its more diverse and global structure, the company expanded its executive board with two additional positions for the areas of sales and group-wide product strategy, both of which were filled internally on 1 January 2025:
- Susanne Knoche has been appointed to the position of Chief Sales Officer (CSO). Knoche has been with Ravensburger since 2001 and, after holding senior marketing and sales positions, was appointed Managing Director of National and International Sales in 2012.
- Filip Francke has taken on the role of Chief Product Officer (CPO). Francke joined Ravensburger in 2017 from clothing manufacturer Helly Hansen. Most recently, he was Group Director in Seattle, USA, where he was responsible for Ravensburger's largest category, Games.
In addition, Chief Financial Officer (CFO) Hanspeter Mürle’s current responsibilities expand. He will head the supply chain and optimize business processes as Chief Operations Officer (COO). This means that the company's future initiatives – internationalization, alignment of the product portfolio, and operational performance – will be even more firmly anchored in the management board in the future. Ravensburger sees itself as well prepared for the future.
Source: https://www.ravensburger-gruppe.de/en/press/index.html