The Hansgrohe Group once again achieved record results in 2017
The Hansgrohe Group closed the 2017 financial year setting a new sales record. With its two brands, AXOR and hansgrohe, the global player generated a total of EUR 1.077 billion in sales. This purely organic growth corresponds to an increase of 4.6 percent over the 2016 financial year. The Hansgrohe Group’s success is down to its 4,962 employees, who demonstrate passion and innovative strength on a daily basis.
facts & figures – overview of the 2017 results
- Turnover: € 1,076.7 million (2016: 1.029,0)
- EBITDA* (earnings before interest, tax, depreciation and amortisation):
€215. 2 million (2016: 206.1)
- Cash flow: € 162.3 million (2016: 106,6)
- Investments: € 51 million
“Made in Germany” and featured all over the world
More than 70 percent of the Hansgrohe Group’s production takes place in Germany, at several plants located in the vicinity of the company's headquarters in the Black Forest. In 2017, investments in fixed assets amounted to EUR 51 million, EUR 2.3 million more than in the previous year. The group invested EUR 44 million in domestic projects alone, most of it in its Offenburg plant. In 2017, the Hansgrohe Group generated approximately 77 percent of its turnover outside Germany, marketing its products in more than 140 countries. The company, which has a broad international base, remains devoted to keeping its German production base and, in addition, relies on international expertise and a closely coordinated quality management system at all its sites around the world.
“We endeavour to lead the way when it comes to quality, innovation potential and design”, explained Thorsten Klapproth, Chairman of Hansgrohe’s Executive Board. “These are guiding principles that are binding for the Hansgrohe Group, whether this involves products from the AXOR or hansgrohe brands – basically, a philosophy that applies to all our activities.” Hansgrohe is innovative – a team of inventors creates new products which generate 25 to 30% of the sales revenue every year. The company is at the forefront of design too: In the company design ranking of the International Forum Design (iF) published in 2017, Hansgrohe moved up four spots to 6th place and now ranks as best German company ahead of Audi. Hansgrohe even outperformed world-famous brands, such as Apple, BMW and Siemens, and left all its competitors in the sanitation sector behind.
Ambitious goals: “As in previous years, in 2018 we want to continue to grow faster than the market. One of the areas we will focus on again is the kitchen,” Thorsten Klapproth says. “By investing in our sites, in innovative processes and products, and above all in the qualification of our employees, we continue to steadily and effectively increase our sales and earnings.