Hansgrohe AG reports record figures for 2010 and continues Middle East expansion

Hansgrohe AG, a leading manufacturer of bathroom fittings and showerheads, reported record figures for sales and earnings in 2010. Maintaining the momentum, the innovative Black Forest firm expanded its Middle Eastern network with the opening of the Alshaya Home Store showroom in Jeddah in May this year. With offices in Abu Dhabi, Dubai, Cyprus and a flagshipstore network across the region, Hansgrohe continues to work on an ongoing stream of prestigious projects including Masdar City in Abu Dhabi, Burj Khalifa in Dubai, Marina Towers in Beirut and the Clock Tower in Mecca. 

Hansgrohe AG, which recently celebrated its 110^th anniversary, reported that 2010 sales grew 13.5% to € 693 from € 610 in 2009 and revenue rose 10% to € 154 million from € 140 million in 2009. 

Siegfried Gaensslen, CEO, Hansgrohe AG, commented: “In spite of ongoing instability in underlying economic conditions, we recorded growth in all the regions in 2010 and set new records both for sales and earnings. At € 693 million, total net sales for the last financial year were not only well above the previous year’s level (2009: € 610 million); they also topped the previous all-time high of € 668 million recorded in the year 2008. We’re obviously overjoyed.” 

The strength of the Schiltach-based firm founded as a three-man metal spinning company in 1901 is further supported by the 24 internationally recognized awards it received from independent judging panels in 2010. 

Hansgrohe is set to showcase new collections and innovative solutions at INDEX, the annual trade exhibition for the interior design and manufacturing industries, which takes place in Dubai later this year.