Mixer and Shower Manufacturer Continues to Gain Market Shares in 2013
Once again, the Hansgrohe Group ended the 2013 fiscal year with record sales. The global mixer and shower manufacturer generated EUR 841.4 million (compared to EUR 805.5 million in 2012).
“Against a backdrop of moderate economic growth rates across the globe, Hansgrohe delivered an above-average performance. We were able to increase sales of mixers and showers both at home and abroad, and achieve growth in nearly all sales regions,” reports Siegfried Gänßlen, CEO of Hansgrohe SE.
International sales were particularly dynamic, increasing by more than 5 percent. This growth was driven by North America, China and France. Emerging markets – Asia, the Middle East and Latin America – also contributed to this positive trend. Domestic sales increased by 2 percent in 2013. By introducing targeted measures and optimised processes, the Hansgrohe Group improved EBITDA to EUR 155.6 million (compared to EUR 143.3 million in 2012), equivalent to an EBITDA margin of 18.5 percent.
“Our positive development is based on Hansgrohe’s outstanding capacity for innovation,” says Siegfried Gänßlen. “We continued to invest heavily in research and development and launched many new products which enjoy a high level of customer acceptance and have set standards in the industry.”