The GROHE Group repeated its previous year’s success with sales already well past €1 billion at the end of the third quarter. Sales climbed just short of 4% to €1.075 billion, versus €1.036 billion in the same period a year earlier.
The GROHE Group’s adjusted EBITDA rose by over 4% to €204 million. The EBITDA margin came to 19%.
The German market, which brings in 15% of sales, likewise generated healthy results in the first nine months of the year, with 5% growth in sales.
At €539 million, the European market accounts for 50% of total sales. This is followed by Asia with 33%. The strongest growth markets were America with 19% sales growth and the Middle East/Africa region with a 13% increase.
About GROHE Group:
The GROHE Group, with Grohe AG, Hemer and Joyou AG, Hamburg, is the world’s leading provider of sanitary fittings. As a global brand for sanitary products and systems, GROHE relies on its brand values of quality, technology, design and responsibility in order to be able to offer "Pure Freude an Wasser". With the brand Joyou the company addresses the rapidly growing Chinese market. In 2012 the GROHE Group achieved a consolidated turnover of EUR 1,405 million. GROHE is the first German sanitary fittings manufacturer to maintain a global sales organisation and an international production network that produces worldwide while maintaining the same quality standards.
About GROHE India Pvt. Ltd. (GIPL):
GROHE India Pvt. Ltd. (GIPL) is a wholly owned subsidiary of GROHE AG and has completed seven years of direct operations in India. In this time has acquired a significant position in the Indian market as one of the largest selling foreign brands. GROHE launched its second Indian ‘GROHE Live! Centre’ in Mumbai in February 2012. This centre is a great opportunity for people to come and experience the world of GROHE. Besides featuring the entire range of GROHE products, the Live! Centre also showcases the GROHE elements of Quality, Technology and Design. GROHE has been recently awarded with two Good design Japan awards for its innovative products ‘Minta Touch‘ and ‘GROHE Blue mono.‘