Following its record revenue of €608 million in 2021, bathroom manufacturer Duravit has reported a 16% increase on the previous year, with total revenue of €707 million.

CEO of Duravit Stephan Tahy

The bathroom manufacturer has also estimated operating profit will once again be up year-on-year.

Duravit reported its largest sales were in German speaking areas and that China was on track, despite challenging conditions.

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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 us confidence.”

According to Tahy, who recently had his contract as CEO of Duravit AG extended, a key factor for Duravit’s success is the company’s global strategic plan, allowing the company to gain market share.

In addition, it reported its local production, supply, and procurement has been successful and will continue with the exploration of green energy generation to allow the company to become climate-neutral by 2045.

Duravit stated growth was driven by new products launches and highlighted “strong” performance of ranges such as Duravit No.1.

Alongside the core ceramic business, the bathroom manufacturer reports growth in 2022 was generated in the SensoWash, bathtubs, and brassware.

It also reported expansion of its international project business remains a central part of its global strategy.

Despite facing weakening economies in many regions of the world, rising energy prices, high raw-material costs, and shortages of skilled labour, with the company’s willingness to make large investments, Tahy remains optimistic for 2023.