KBzine: your kitchen and bathroom industry news - first
17th May 2013
Nine-month figures for 2010: Grohe reports strong growth
In the first nine months of 2010, Grohe has posted further strong growth in terms of both sales and earnings.
At the end of Q3, consolidated sales were up 20% on the prior-year figure at EUR 726 million. Earnings before interest, taxes, depreciation and amortisation increased 37% to EUR 144 million and this margin remained unchanged against the first-half figure at 20%.
With a market share of roughly 8%, Grohe is one of the world's leading manufacturers of sanitary fittings. In 2009, its kitchen and bathroom fittings and showers, automatic fittings for the commercial and contract sectors, and installation and flushing systems, generated sales of EUR 826 million.
With its headquarters in Hemer and Corporate Center in Düsseldorf, the company currently employs some 5,000 people worldwide, including 2,300 in Germany. It has six production plants, three of which three are located outside Germany, namely in Portugal, Thailand and Canada. The company currently generates 80 percent of its sales outside Germany.
T: +49 (0)211 9130 3000
F: +49 (0)211 9130 3031
T: +44 (0)871 200 3414
F: +44 (0)871 200 3415
3rd December 2010