Stuttgart, June 2011 – The HANSA Group closed the 2010 financial year on a successful note. Sales generated by the group to which HANSA Metallwerke AG and its subsidiary KWC AG belong increased by 17.7 million EUR or 9.1% against the previous year, topping 211.6 million EUR (2009: 193.9 million EUR). The EBITDA reached 14 million EUR thanks to the pleasing sales trend and consistent reorganisation (2009: 3.6 million EUR).
A sales increase in the core markets was chiefly responsible for making the 2010 financial year such a success. Last year, the fittings manufacturer boosted its market shares in German-speaking countries significantly, achieving a positive turnaround in the process.
A strong partner on course for growth is European private equity company IK Investment Partners, which has owned 99.73 % of the HANSA Group since December. This excellent partnership is not only reflected in the figures, but also in the fact that the contract of group chairman and HANSA CEO Christopher Marshall has been extended a year ahead of schedule until the end of 2014. “The positive developments, both in 2010 and in the current financial year, demonstrate the HANSA Group’s enormous potential”, comments Detlef Dinsel, managing partner at IK. “We look forward to supporting the company with its continued success and working with Christopher Marshall and his team to develop the HANSA and KWC brands even further.”
Pictures:
- Christopher Marshall’s contract was extended ahead of schedule until the end of 2014.
