Duravit’s previous record revenues of €608 million in 2021 have been exceeded by just under €100 million in 2022. Current results from the Duravit Group put total revenues at €707 million.
Following last year’s performance, current estimates suggest that operating profit will once again be up year on year. Commenting on the provisional announcement of the results, CEO Stephan Tahy said: “Once again we have come a little closer to our growth target of
€1 billion in sales by 2025, despite challenging conditions in some regions. The current figures
confirm that we are on the right track and give usconfidence.” According to Tahy, who became CEO of Duravit AG over two years ago, a key factor for Duravit’s success is the company’s ability to implement the measures of its strategic plan globally as a team and to gain market share as a
result.
Duravit’s long-established “local-for-local” strategy continues to have a positive effect – a strategy that makes sense especially in terms ofsustainability. The focus on local production, supply, and procurement will continue. Only by doing so can Duravit achieve its ambitious target of becoming climate-neutral by 2045. Various options for green energy generation and use are being intensively explored in this context.
Alongside successful new product launches in 2021 such as the D-Neo complete bathroom series, growth was driven by the strong performance of new blockbuster ranges such as Duravit No.1. One of the highlights exhibited by Duravit at the Salone del Mobile in Milan was the new Zencha range from German star designer Sebastian Herkner. The sophisticated aesthetics, gentle forms, and attractive touch of the pieces transforms the time we spend each day in the bathroom into a ritual of relaxation and inner reflection. With the Tulum range from Philippe Starck as the latest addition to the faucet segment, Duravit continues to reinforce its position as a complete bathroom provider. Alongside the sound core ceramic business, growth in 2022 was generated in the SensoWash, bathtubs, and faucets segments.
Duravit continues to face weakening economies in many regions of the world, rising energy prices, willingness to make large investments and the high capability of the Duravit teams to implement the company’s strategy globally, Tahy remains optimistic high raw-material costs, and shortages of skilled labor. Given the company’s continued strong.