Grohe Group sales up 3%

03 Sep, 14

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.