TEKA Group improves results in 2018

TEKA Group, a member of HeritageB and global producer of design built-in appliances, sinks, taps and sanitaryware has recorded higher sales and operational profits in 2018. Main contributors to this result were Spain, the Americas and the bath division

“Despite the negative impact of material cost, currency fluctuations and some market turbulences, the group was able to improve the operational result before restructuring and extraordinary income by 10% to just above 7% of net sales”, explains Dr. Stefan Hoetzl, CEO of TEKA Group.

2019 also started well with operating profit in line with expectations and significantly above the same period of 2018. The group expects a positive second part of the year, profiting from the new brand positioning of TEKA, the complete product range renovation of Küppersbusch and a wide range of novelties.

As examples, TEKA is launching design collections inspired by home interior trends: Stone Grey, Steam Gray, Night River Black and London Brick Brown, called Urban Colours. A new generation of Gas on Glass hobs arrives with ExactFlame, allowing for an unprecedented precise and reliable flame intensity setting.

Both brands have launched a variety of compact ovens, microwave ovens and steam ovens that can freely be combined to beautiful interior designs. The new Pureline design sinks with sharper edges incorporate as well the SilentSmart feature, reducing significantly the water noise.

TEKA Group also announces the opening of a new warehouse facility at their Alcalá site in Madrid in this quarter in order to cope with growing volumes and further improve delivery service quality.

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