Living Bathrooms

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Duravit still on course for success – disproportionately high growth in profit and cash flow

The Duravit Group remains on course for success in the 2014 financial year. Profit and cash flow grow disproportionately high despite considerable levels of investment. Particularly in the last quarter, the strong performance of Duravit AG provides noticeable stimulus for growth, thus marking a very positive start to the year 2015.

In 2014, the Duravit Group exceeded 390 million Euros in sales for the first time and has thus grown by more than 10 million Euros compared with the previous year: exchange rate-adjusted, sales increased by 3.4 %, nominally by 2.7 %. Earnings before tax grew by more than 5 %, and cash flow from operating activities set a new record despite considerable levels of investment. The very robust balance sheet ratios have again improved. The equity ratio in the Group is now almost 52 %. For the first time in years, on balance, the Group does not have any net financial liabilities and reported surplus cash and cash equivalents instead. Orders in hand also reached a record high as at the end of December 2014, providing for double-digit sales growth in the first quarter of 2015.

The positive trend was based on the company's market successes, particularly in international business, such as in China and the United States, for instance. The new products introduced in recent years, such as the DuraStyle, Happy D.2 and Vero complete bathroom series, are becoming bestsellers. "We want to reinforce the positive development of the Duravit brand through continuous investment in modern production techniques," Frank Richter remarked. "To name just two examples: In 2014, a new solid-surface production facility was established at the Bischwiller location in France, and at the Meissen location in Germany we invested, amongst other things, in a state-of-the-art continuous dryer. Sustainability is a strategic component of the company's business. Through its participation in recognised testing and certification systems and membership of relevant associations it plays a pioneering role in the industry."

Headquarter
Duravit AG
Werderstraße 36
D-78132 Hornberg
Phone +49 (0) 7833-70-0
Fax +49 (0) 7833-289
E-Mail: info@duravit.de
Internet:
www.duravit.de
www.duravit.com

Chairman of the supervisory board
Gregor Greinert

Management board
Prof. Dr. Frank Richter (Vorsitzender)
Werner Griebe
Dr. Reinhard K. Volk

Foundation
1817

Revenue 2014
390 Mio. Euro (Group)

Product range

Sanitary ceramics, bathroom furniture, accessories, shower trays and baths, whirl and well-being systems, SensoWash shower toilets and ceramic kitchen sinks

Production sites
Hornberg, Meißen, Schenkenzell/Germany
Bischwiller/France
Kairo/Egypt
Istanbul/Turkey
Chongqing, Shanghai/China
Bizerte/Tunisia

Tarapur/India


Central warehouse   
DURALOG Logistik GmbH, Achern/Germany

Distribution companies
Austria
Belgium/Luxembourg
Brazil
China
Denmark/Norway
Egypt
Hong Kong
India
Italy
Japan
Lebanon
Middle East
Netherlands
Poland
Portugal
Saudi Arabia
Spain
South Africa
Sweden
Switzerland
United Kingdom
USA

Sales Offices
Czech/Slovakia
Hungary
Latin America
Singapore
Russia
Poland
Ukraine
United Arab Emirates
Indonesia
Taiwan

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