Hansgrohe AG also relies on its innovative power to constantly boost both the efficiency of processes and the quality of its products along the entire value-added chain.
Maintaining a safe course through innovationsStuttgart/Schiltach, May 19, 2010. “No short-time work, no lay-offs, no cuts to wages and benefits, no investment stop, no radical budget cuts,” is how Siegfried Gänßlen, Chairman of the Management Board of Hansgrohe AG, summed up the last financial year during today's financial press conference in Stuttgart. “2009 was definitely a challenging year. As a company operating with a global reach, we certainly felt the effects of the economic crisis on world trade and on the construction industry – as did the entire international sanitation sector. However, the drop in revenues anticipated in these general economic conditions was contained within the single-digit percentage range thanks to the countermeasures we adopted at an early stage, and as a result of the joint efforts we undertook together with our market partners.” Total net sales of Hansgrohe AG in fiscal 2009 amounted to € 610 million (2008: € 668 million) – which represents a decline of 8.6 percent year-on-year. Earnings before interest, taxes and depreciation of this Black Forest-based fittings and shower manufacturer even improved in spite of lower sales, setting a new record at € 140 million (2008: € 131 million). The EBITDA margin climbed to 22.9 percent in the last financial year (2008: 19.7 percent). Similarly, it was possible to maintain personnel levels at the previous year’s level with around 3,100 employees worldwide, more than 60 percent of whom working in Germany. “We managed to further improve our market position both on the home market and abroad,” was the positive assessment by the CEO of Hansgrohe. “2009 was a good year for our company.” Click here for the detailed press information. (PDF, 1.6 MB) |
