August 15th, 2025 - SANHA GmbH & Co. KG, one of the leading manufacturers of piping systems, has closed the first half of the 2025 financial year with stable revenues and only a slight decline regarding its clearly positive operating profit, despite continuing challenging market conditions. 

Revenue amounted to EUR 61.5 million (first half of 2024: EUR 61.6 million). Solid international business and strong industrial and OEM business compensated for the current weak demand from the sanitary and heating industry in Germany, Austria and the United Kingdom. Overall, foreign revenue remained stable at around 82%. SANHA once again benefits from its regional and industry diversification, which has been driven forward in recent years and strengthens the Group's resilience. 

With a gross profit of EUR 38.0 million (excluding currency gains), the previous year's level (first half of 2024: EUR 36.4 million; excluding currency gains) was exceeded as in the first quarter, mainly due to an improved product and customer mix and the resulting reduction in the cost of materials. The increase in gross profit largely offset cost increases, enabling the Group to achieve only a slight year-on-year decline in EBITDA to EUR 10.0 million (first half of 2024: EUR 10.4 million) and a continued very robust EBITDA margin of 16.3%. Operating profit (EBIT) was also down slightly at EUR 7.0 million, compared with EUR 7.6 million in the previous year, which is also attributable to higher depreciation as a result of significant investments in recent years. The EBIT margin stood at 11.3%. 

Bernd Kaimer, managing partner of the family-owned company: "In the first half of the year, our successful internationalisation strategy and our broadly diversified product and industry portfolio once again proved their worth. Despite the ongoing uncertainties weighing on our markets, we expect demand to pick up slightly in the current second half of the year, supported by reduction in key interest rates in Europe and the German government's economic stimulus package for the German market. Accordingly, we confirm our outlook for a stable development in 2025 and continue to expect revenue at the previous year's level with slightly lower EBITDA and EBIT." 

The complete half-year report for 2025 is available at https://www.sanha.com/en/Investor-Relations/Documents/.

About SANHA

SANHA GmbH & Co. KG is a leading manufacturer of piping systems. The products of the 100% family-owned industrial company are used in many sectors, including building services, refrigeration technology, fire protection and numerous industrial applications such as technical gases. SANHA holds around 250 product certifications for the various applications. The company based in Essen has around 700 employees and is active in 50 countries worldwide. Around 10,000 products, primarily piping systems made of copper, copper alloys, stainless steel, carbon steel and plastic are manufactured in four plants in Germany and other European countries. 

Investor Relations / Press:

Johannes Kaiser, Fabian Kirchmann
IR.on AG

Phone: 0221-914097-0
E-Mail: SANHA@ir-on.com