EN 110616_Press release.pdf

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venture and can therefore consolidate Joyou in the GROHE financial statements. The Cai family holds the remaining shares. GROHE CEO David Haines: “The legal framework for our joint venture is now in place. With this step, our cooperation can now forge ahead.” Joyou founder Jianshe Cai, CEO of Joyou and the Joyou Grohe Holding AG joint venture: “Our cooperation can set an example beyond our sector.” About GROHE Grohe AG is the world's leading premium brand of sanitary fittings. As a global brand for sanitary products and systems, GROHE sets standards in quality, design, technology and sustainability, providing water to perfection. With its headquarters in Hemer and Corporate Center in Düsseldorf, the company currently employs some 5,400 people worldwide, including 2,400 in Germany. In 2010, the company's kitchen and bathroom fittings and showers, automatic fittings for the commercial and contract sectors, and installation and flushing systems generated sales of EUR 980 million. GROHE has six production plants, of which three are located outside Germany, namely in Portugal, Thailand and Canada. The company currently generates 82 % of its sales outside Germany. Important Information This press <strong>release</strong> contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Grohe. Forward-looking statements therefore speak only as of the date they are made, and Grohe undertakes no obligation to update publicly any of them in light of new information or future events. By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. 2
Contact: GROHE Dr. Ulrike Heuser-Greipl, Grohe Holding GmbH Senior Vice President Public & Investor Relations Phone: +49 211 9130 3001 Mobile: +49 175 588 1596 ulrike.heuser-greipl@grohe.com 3
Page 1: PRESS RELEASE GROHE and Joyou imple

EN 110616_Press release.pdf

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