The Hansgrohe Group, comprising of brands AXOR and hansgrohe, has closed its 2019 financial year with a new sales high.
The bathroom design specialist from Schiltach, Germany, generated total sales of €1.088 billion, and compared to the previous year, this organic growth represents an increase of around one percent.
Speaking of the success and why the business chose to release the results, Hans Juergen Kalmbach, Chairman of the Board of Management of Hansgrohe, said: ‘For the tenth time in a row, Hansgrohe has achieved a new record in sales. With extensive investments in our future, we can look back on the second-best economic result in the history of our company. At Hansgrohe, we have together set the course to emerge stronger from this crisis. We are therefore deliberately publishing the positive figures for the 2019 financial year, so that the economic and financial solidity and reliability of Hansgrohe is substantiated.’
Turning to Covid-19 and how the business intends to face its effects on the industry, Kalmbach added: ‘In view of the Corona pandemic, reliable and serious forecasts are virtually impossible at the moment. Our focus is on the health and safety of our employees, as well as on our customers and partners and their families around the world. Only thereafter comes our task, as a commercial enterprise, to maintain normal operations wherever possible. We are making every effort to overcome the existing challenges, together with our employees and market partners, and remain confident that we will succeed in this task in the mid-term. We can and will continue to invest in our future; for example, in the development of new products for the ISH trade fair in Frankfurt 2021.’