20.03.2024 | Duravit continues its investment strategy in a challenging industry environment

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Duravit Design Center in Hornberg, Black Forest (Image source: Duravit AG)

Hornberg, 03/20,2024; Against the backdrop of a deep crisis in the construction and sanitary industry, the Duravit Group posted a year-on-year fall in sales of 7.3 percent for 2023, showing that the supplier of designer bathrooms has been unable to avoid the effects of the global market situation. At the same time, Duravit is continuing with its investment strategy and has confirmed its ambitious target of being climate-neutral by 2045. A key milestone towards this goal was last year’s opening of the world’s first climate-neutral ceramic manufacturing facility at the new site in Canada.

“The latest financial year presented us with a whole range of challenges,” said CEO Stephan Tahy. “Just like the rest of the sector, we had to absorb significant falls in sales. At the same time, our competitors’ sales figures published to date suggest that we’ve been able to acquire market share. Our employees have been the main driving force in this process, reacting to the various challenges with tremendous dedication and winning over our customers with creative solutions.”

The outlook can be described as cautiously optimistic. “Our market environment remains challenging, and we’re not currently seeing any indicators to suggest a sustained recovery in our home market,” Stephan Tahy went on to say. “We’re in a good position and are looking forward with great anticipation to the first trade-fair highlight of the year in April. At the Salone del Mobile in Milan, our guests will witness the première of a number of new, highly attractive product ranges that have been developed in conjunction with distinguished and new design-partners. Also this year, we’ll invigorate the market once again with innovations, and surprises.” Moreover, Duravit is undergoing a brand refresh to coincide with the start of the Salone del Mobile.