Frankfurt am Main/Remscheid, 12 March 2013
The Vaillant Group sees stable growth
- Positive development of high-efficiency technologies, energy-efficient systems and services
- Significant growth in China, Russia and Eastern Europe
Remscheid-based heating, ventilation and air-conditioning technology specialist the Vaillant Group continued to gain market share and grow in the financial year 2012. Net sales on a group level increased against the previous year by more than 2 per cent to €2.33 billion. In Germany, the Vaillant Group’s largest sales market, net sales were up around 4 per cent on the previous-year figure. The Vaillant Group’s key growth business fields in 2012 were high-efficiency technologies, such as condensing heating boilers and combined heat and power stations for the energy-efficient generation of heat and electricity. The system solutions and services business also grew on an international level. “Despite the economic crisis, we gained market share, raised net sales and further increased our operating result,” said Dr Carsten Voigtländer, Chief Executive Officer of the Vaillant Group, at the company’s press conference at the ISH – the international trade fair for bathroom design and heating technology – in Frankfurt am Main, Germany. The Vaillant Group will present detailed business figures at its annual press conference in Düsseldorf in May 2013.
Significant net sales growth in growth markets
On a regional level, the Vaillant Group managed to increase net sales significantly in the growth markets of Russia, China and Eastern Europe in particular. Development was stable in the regions Central and Northern Europe, whereas Southern Europe suffered particularly under the strain of the recession in Spain and Italy.
The Vaillant Group is well positioned for the future. “We will continue to grow despite the challenging general conditions,” said Dr Voigtländer. High-efficiency technologies – such as condensing technology, combined heat and power stations, and energy-efficient systems and services – will remain the key growth business fields in 2013. The company estimates that Eastern European countries, Russia and China will continue to be regional drivers of growth.
The Vaillant Group is an internationally operating heating, ventilation and air-conditioning technology concern based in Remscheid, Germany. As one of the world's market and technology leaders, the Vaillant Group develops and produces tailor-made products, systems and services for domestic comfort. The product portfolio ranges from efficient heating appliances based on customary fuels to system solutions for using regenerative energy sources. In financial year 2012 the company, which has been family-owned since its founding in 1874, achieved with about 12,000 employees sales totalling €2.3 billion.