6 Company | Financial Year 2024

Economic situation

In 2024, the Duravit Group achieved global sales totaling

€631.2 million, corresponding to a year-on-year currenc

y

adjustment decline of -2.9%. This trend reflected the

general market position. Duravit’s sharpest declines in 2024

(on a Euro basis) were felt in Egypt, China, and Germany

.

Sales in Egypt fell by €15.7 million, which is mainly due to

the continuing devaluation of the Egyptian pound. At the

same time, sales there in local currency were up 14.5%

.

In Germany, a decline of 3.6% was experienced. Althoug

h

2023’s negative trend slowed, the ongoing difficulties i

n

the construction sector again caused a fall in the num

-

bers of building permits and renovation projects. From th

e

Group’s perspective, positive sales trends were achieved in

Poland, Ireland, and South Africa.

The share of sales in the eurozone rose slightly to 37%

(previous year: 36%). Correspondingly, the internationa

l

proportion of sales fell slightly from 80.9% to 80.2%. Th

e

proportion of sales within Europe rose from 49.1% to 50.5%

.

The individual product segments show a di

fferentiated pic-

ture. Sales in the ceramic segment fell by 11.0%, while th

e

bathroom furniture segment declined by 13.9%. The Bath

-

tubs & Wellness segment declined by 9.3%, and Bathroo

m

Equipment/Accessories was down 5.8% year on year

.

In contrast, positive trends were noted in other product

groups: the SensoWash® shower-toilets business grew by

3.1%. Faucets experienced strong growth, and was the best

performer with sales up 26.8%. The Bernstein segment

experienced a moderate decline of 4.6%.

In spring 2024 we presented our latest innovations at the

international Salone del Mobile furniture trade fair in Milan

.

This includes the “Aurena” premium bathroom collection

,

a collaboration with the Italian architect Antonio Citterio.

It features a timeless, harmonious design that takes th

e

principle of the Golden Ratio as its inspiration. “Sivida by

Philippe Starck” marked an important expansion to ou

r

portfolio. This range for the washing area features velvety

cast mineral washbasins and harmonized bathroom furni-

ture in the medium price segment. The Starck Barrel vanity

unit designed by Philippe Starck is a design icon and under

-

went a reinterpretation for its 30th anniversary. In autumn,

the successful “D-Code” range from sieger design wa

s

redesigned and now features new and attractive entry-level

options – not least for the project business and a younger

target group. We are constantly analyzing and optimizing

our product portfolio so we can tailor it better to our clients

’

requirements.

The Duravit group had an annual average of 6,995

full-time-equivalent employees, 3.4% less than last year

.

While the number of employees in Germany rose by 4.1%,

the foreign companies fell by 3.2%. The proportion of the

workforce employed abroad was 81.6%.

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