Hansgrohe International
  Hansgrohe Group Consolidated Net Sales
In 2007, we once again succeeded in maintaining the level of growth of the previous years. Innovations in products and processes as well as greater internationalization in our market development were all contributing factors in achieving new records in all key fi gures – sales, earnings and employee numbers. Despite the downturn in the global economy, the Hansgrohe Group’s total net sales rose by 16 percent year over year (adjusted for currency effects: 17 percent), to €661m (2006: €569m). The main underpinning for growth is the sustained dynamic uptrend of foreign business. With an increase of 20 percent year over year adding €86m to reach €521m – contributions from foreign business climbed to 79 percent (2006: 76 percent). With yet another gain in the domestic market as well, the Hansgrohe Group managed to increase its net sales for the sixth consecutive year. The fact that the German economy has lost momentum in the meantime reflects the reduced growth rate of the Hansgrohe Group in the domestic market. However, with a four percent increase in sales revenues compared to 2006, the Hansgrohe Group extended its share Thanks to this positive trend in the sales figures, earnings before interest, taxes and depreciation for the Hansgrohe Group rose to €131m by December 31, 2007 (2006: €110m). The systematic continuation of the efficiency enhancement program, “Plus 21,” succeeded in boosting the EBITDA margin by 19.9 percent |