Hansgrohe registers strong growth
01 July 2014
THE Hansgrohe Group reports an above-average performance, with emerging markets such as the Middle East, Asia and Latin America having strongly contributed to this positive trend.
With continued expansion in the Middle East market, the German mixer and shower manufacturer witnessed double-digit growth through increased retail sales and a long list of high-profile project wins in the region including Sofitel Dubai The Palm Resort and Spa in Dubai, UAE, EauOne Beirut in Lebanon, Sodic Forty West Cairo in Egypt, the Kempinski Hotel Khobar and the King Abdullah Financial District in Saudi Arabia, and The Domain hotel in Bahrain.
Dirk Schilmoeller, sales director Middle East for Hansgrohe, said: “Our strong growth in the Middle East is based on Hansgrohe’s capacity for innovation with the launch of several new products. This, in turn, has bolstered our regional sales and our project wins as we continue to expand within the GCC, North Africa and the Levant.
“The 2013 financial year has been a great success, and we are on track for this to continue as we further expand our team with new offices in Qatar and Saudi Arabia.”
Hansgrohe ended the 2013 fiscal year with record sales that generated global revenues of €841.4 million ($1.14 billion), compared to €805.5 million ($1.09 billion) in 2012, and €764 million ($1.04 billion) in 2011.
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