German kitchen manufacturer Schüller was upbeat about its results for 2023 with a small gain in sales recorded despite what it described as “a volatile year”.
The company said that despite a difficult year affected by various geopolitical and economic developments that were difficult to control, it achieved a 0.7% increase in sales revenue to €758.8 million (£649.3m).
Despite a decline in the German market of 2.4%, Schüller reported that it managed to increase its market share. Overseas sales rose by 7.7% to €248.3m. Its top 10 export markets were Belgium, China, France, Italy, Luxembourg, the Netherlands, Austria, Switzerland, the Czech Republic and the UK.
Schüller emphasised its commitment to sustainability going forward and said it would produce its first sustainability report in 2025.
The company is also committed to training and currently has 128 trainees. It offers all employees a range of further professional and personal development opportunities.
Looking to the future, Schüller reflected on the challenges of the past four years in terms of the pandemic, supply chain issues, inflation, interest levels, war and volatile key markets. Its management believes that 2024 will also be very challenging, and predicts that sales will settle at a lower level than in 2022 (€753.2m for Schüller) and that it intends to overcome the upcoming challenges by concentrating on the replacement kitchen market.
Schüller will be at the kbb Birmingham show on stand Q70 on March 3-6 and at EuroCucina in Milan on April 16-20.