Montag, 15.04.2019, 15:00 Uhr Schmidt Groupe

Renewed sales growth

The German-French company Schmidt Groupe can look back on a very successful business year 2018. With an increase in production turnover of four percent over the previous year, the French industry leader generated 563 million euros for the first time in its history. There was a double percentage increase in 2017. The Schmidt Groupe also achieved an increase in specialist trade sales, including the electrical built-in appliances supplied by the group. A slight increase of two percent brought in revenue of 1.629 billion euros - also a new record.

In addition to the kitchen sector, the continuously growing business segment of living worlds and bathrooms proved to be a sales driver. The average annual growth rates here are 20 to 25 percent. In France, there are already partner houses that offer exclusively residential worlds. There was also a big leap in the number of employees. This continued to develop encouragingly from 1,648 in 2017 to 1,766, which corresponds to an increase in the workforce of around seven percent. In Germany, the number of employees remained constant at 172.

The third-generation company managed by Anne Leitzgen continues to be the fifth largest European kitchen manufacturer. "The Group's family culture is one of our engines of growth and success: We do not think and act in the short term, but in the long term. And we are committed to our customers, not to share prices. It is certainly also important that we play a pioneering role in the technological trend towards individualisation," explains Stéphane Bihler, who, together with Jean-Claude Meyer, is the Managing Director of Schmidt Küchen GmbH & Co. KG.

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