Beirut, Lebanon- 09 May 2011- GROHE, the world’s leading premium brand for sanitary fittings, reported consolidated sales of EUR 267 million in the first quarter of 2011, which equates to growth of more than 10 percent over the prior-year period (EUR 242 million). In March the company posted its highest ever monthly sales of over EUR 100 million.
The consolidated operating result (EBITDA) of EUR 52 million for the first quarter of 2011 was a 9 percent increase on the prior-year period (EUR 48 million). The EBITDA margin stood at 20 percent.
Grohe AG is the world’s leading premium brand for sanitary fittings. As a global brand for sanitary products and systems, GROHE sets standards in quality, design, technology and sustainability, providing water to perfection.
With its headquarters in Hemer and Corporate Center in Düsseldorf, the company currently employs some 5,400 people worldwide, including 2,400 in Germany. In 2010, the company’s kitchen and bathroom fittings and showers, automatic fittings for the commercial and contract sectors, and installation and flushing systems generated sales of EUR 980 million.
GROHE maintains six production plants, three of them outside Germany in Portugal, Thailand and Canada. 82 percent of the company’s sales are generated outside its home market.
For more information please contact:
Dr. Ulrike Heuser-Greipl
Senior Vice President Public & Investor Relations
Telephone: +49 211 9130 3001
Mobile phone: +49 175 588 1596
MEMAC Ogilvy PR – Lebanon