The Executive Board of Hansgrohe AG (from left) in front of the new manufacturing plant for mixers in Offenburg: CEO Siegfried Gänßlen, Karl-Heinz Hammann, Deputy Chairman Richard Grohe und Otto Schinle.
Hansgrohe AG ends fiscal 2008 with all-time highs in sales revenues and earnings, successfully defying the crisis to dateStuttgart/Schiltach, June 17, 2009. “Despite the rapid deterioration in general economic conditions across the globe since 2008, as far as we’re concerned the last fiscal year clearly ended in the black,” said Siegfried Gänßlen, CEO of Hansgrohe AG, presenting a satisfactory summary of the annual report for 2008 in Stuttgart today. “Contrary to the general trend prevailing in the sanitary installations industry, thanks to our ongoing good cooperation with our partners we again managed to achieve further growth along with new all-time highs in fiscal 2008. We gained additional market share and improved our position in nearly all of our markets. All in all, net total sales revenues of the Schiltach-based bathroom fittings and shower specialist operating with a global reach amounted to € 668 million in 2008, up by just over one percent – or by two percent after currency adjustments – on year-ago sales of € 661 million; owing to slower sales revenue growth, a strong euro and unfavorable price trends for energy and commodities, earnings before interest, taxes, depreciation and amortization saw only a slight rise to € 131.4 million (2007: € 130.7 million). Click here for the detailed press information. (PDF, 0.6 MB)
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