Duravit enjoys revenue growth in 2019

Bathroom giant Duravit has said it can “continue on its successful course” after the coronavirus situation is resolved, as it saw a growth of 5% in revenue and 20% in net profits in its 2019 financial year.

This performance, the company said, put it in an “ideal position”.

While Germany remains its key market, China produced the highest revenue growth with 20%. There were also strong results in Egypt, Switzerland and Spain, also generating above-average growth.

The company highlighted the launch of a new generation of shower-toilet SensoWash as a success, as well as two new ranges developed in collaboration with Sieger Design. The private label business, which has less than 2% of overall revenues, made a “positive contribution to the development of key business relationships”.

Duravit also confirmed its new CEO will be Stephan Patrick Tahy who will formally take over from Dr Frank Richter (pictured) at the end of June. Mr. Tahy is currently CEO of De’Longhi GmbH Germany and was previously vice president and general manager at Mattel Inc.

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