Grohe Group sales up 3%
First half 2014 sales of €754m
The Grohe Group has announced is half-year results for 2014, with consolidated sales revenues of €754m, a 3% increase on the same period of last year.
Grohe, who scooped a Top 100 Innovation Award, boasted second quarter growth of 4% in sales revenues, bettering the 3% in the first quarter.
The European market, which accounts for 51% of sales, grew 4% in the first half of the year. Sales in the Americas totalled 7% of sales, with an increase of 5%. Sales in Asia and the Middle East, plus Africa, increased by 2% for each region.
Grohe Group’s operating earnings before interest, tax, depreciation and amoristaion (operating EBITDA) increased by €1m to €142m in the first six months of the year.
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