The Duravit Group topped 380 million Euros in sales for the first time in 2013 which, after adjustments for exchange rates, represented an increase in sales by 4.1%, compared with the previous year.
The company achieved a profit growth after tax and generated an increase in the operative cash flow. Ceramic production grew by 4.3% and the factories in Egypt, India, China and Tunisia showed a similar development. Balance sheet ratios have again improved, and the equity ratio in the Group is now 47.7%.
Frank Richter, CEO of Duravit AG said:
“In 2013, Duravit again experienced growth in important markets and thus reported a very good operating result”
The new products launched in 2013 were extremely well received says the company. The DuraStyle complete bathroom series is becoming an international bestseller, and the Happy D.2 series with its high design credentials also far exceeded expectations, claims Duravit. The range of new products was rounded off by the re-launch of the X-Large universal bathroom furniture series, as well as by a number of toilets with rimless flushing technology.
The UK, along with China, the USA, Tunisia and Turkey were amongst the largest growth regions within the Duravit Group. With 35 affiliated companies and a presence in more than 120 countries, the total international share of turnover was about 81%. Duravit continued to grow in South America with a new sales company in São Paulo/Brazil. In Asia, and in China in particular, Duravit continued to maintain profitable growth.
Duravit made its largest investment within Germany at its Meissen location. Amongst other things, it pressed ahead with the conversion of the Duravit Technology Center (DTC) that opened in March 2014. The DTC is currently the most modern of the company’s twelve training and presentation centres and will strengthen the Meissen location on a sustained basis.