German sanitaryware manufacturer Hansgrohe has reported record sales and earnings for its financial year in 2015.
Globally, the company reached a total of €964 million (£760m) in sales, compared with €874m in 2014 – an increase of 10.3%.
Pre-tax profit (EBITDA) rose by €6m to €187m, compared with €181m in the previous year.
Chairman of the executive board, Thorsten Klapproth, and vice-president of controlling and finance, Udo Kraus, announced the results at the company’s annual press conference on March 15 in Frankfurt.
“In 2015, more than 3,800 hugely dedicated and committed people contributed to carrying forward our company’s story of success,” said Klapproth. “Hansgrohe’s employees can be proud of themselves. Generally speaking, we grew in nearly all market regions in 2015, thus contributing to a positive sales trend around the world.”
For several years, Hansgrohe has seen 80% of its overall revenue generated from outside Germany. The proportion of international sales in 2015 hit 77.3%, which remains virtually unchanged compared with the previous year (77.2% in 2014). Around half of Hansgrohe’s sales are generated in Europe and the other half from the rest of the world.
In 2015, the company saw the number of employees increase by 155 to 3,805. It also saw 47 young people begin their training at Hansgrohe, bringing the total number of trainees to 147.
Hansgrohe also made a total of €55m in investments in 2015, with around €47m invested in Germany. The company built a new lab for research and development at its headquarters in Schiltach. An investment of €1.6m was also made in a new plastics technology centre at its Offenburg plant.
Its largest investment was in the expansion if its logistics centre at the Offenburg site, with €30m going into the extension, which is expected to go into operation later this year.
“We achieved a record high in 2015 by increasing turnover by more than 10% to €964m,” said Klapproth. “But we will not rest on our laurels. We have set ourselves ambitious targets because profitable growth guarantees that Hansgrohe will maintain its competitive edge.”