GROHE Group: Successful first quarter 2014

4197GROHE Group S.à r.l. continued to improve its results in the first quarter of 2014. Consolidated sales climbed by three percent to EUR 364 million, up from EUR 354 million in the same period of 2013.

The Group’s earnings before interest, tax, depreciation and amortisation (EBITDA) grew by five percent to EUR 69 million. On 31 March 2014, the Group’s cash and cash equivalents amounted to EUR 317 million, compared to EUR 252 million on 31 March 2013.

The GROHE Group achieved clear growth across nearly all markets worldwide. Accounting for 17 percent of total sales and growing by five percent, Germany remains the Group’s single most important market. Sales in the Americas rose by four percent. Asia and Europe show sales growth of three percent each.

The excellent results in Asia and in China, in particular, reflect, amongst other things, the stable growth of Joyou AG. Successfully floated on the Frankfurt stock exchange in 2010, this member of the GROHE Group showed a highly positive performance in the first three months of 2014, boosting its sales by six percent.

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