GROHE 2011 announces Q1 results

Press release

Published May 12th, 2011 - 07:28 GMT

The consolidated operating result (EBITDA) of EUR 52 million for the first quarter of 2011 was a 9 percent increase

GROHE, the world's leading premium brand for sanitary fittings, reported consolidated sales of EUR 267 million in the first quarter of 2011, which equates to growth of more than 10 percent over the prior-year period (EUR 242 million). In March the company posted its highest ever monthly sales of over EUR 100 million.

The consolidated operating result (EBITDA) of EUR 52 million for the first quarter of 2011 was a 9 percent increase on the prior-year period (EUR 48 million). The EBITDA margin stood at 20 percent.

Background Information

GROHE Middle East

GROHE is a leading global brand for complete bathroom solutions and kitchen fittings and a global brand, dedicated to providing innovative water products.

For many decades, GROHE has been committed to the brand values of technology, quality, design and sustainability that all illustrate GROHE’s commitment to creating exceptional experiences and to delivering “Pure Freude an Wasser”. With its engineering, innovation and design activities firmly anchored in Germany, GROHE products bear the badge of quality “Made in Germany”, ultimately strengthening the customers’ confidence in the brand. All plants of the GROHE manufacturing network make use of high-precision production engineering to ensure compliance with consistently high GROHE standards. This way GROHE ensures that its products live up to the most uncompromising demands in terms of workmanship and functionality.