Sales at the fittings manufacturer are falling, also because of the construction crisis

According to the information, the company from the Black Forest achieved sales of around 1.4 billion euros in 2023. This corresponds to a decrease of 9.3 percent compared to the previous year (1.55 billion euros). The operating result fell to 201.7 million euros – a good 18 percent less than in 2022 (246.8 million euros). The bottom line was a net profit of a good 149 million euros. Despite the declines, it was the second best financial year in the company’s history, said Kalmbach.