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BHS tabletop AG, (parent of the Bauscher, Schonwald, and Tafelstern dinnerware brands) a global market leader in the field of professional porcelain, remained on its winning track in the financial year ended (calendar year 2014). The company’s sales almost reached the 100 million mark at EUR 99.3 million, 9.1 per cent higher than in the previous year (EUR 91.1 million). The earnings position was equally pleasing: operating income (EBIT) in 2014 totalled EUR 4.7 million, an increase of around 29 per cent compared with the previous year (EUR 3.7 million). Christian Strootmann, CEO at BHS, explains: “We counter the persistently fierce price competition resulting from worldwide overcapacity with highly innovative product concepts and sophisticated international tabletop and logistic solutions. We position ourselves as a service provider and a problem-solver, and that is precisely why we remained the world’s most sought-after contact for the professional foodservice business last year.” The continued success of the BHS tabletop strategy in the financial year ended is shown by a number of new references such as the new cruise liner TUI Mein Schiff3, leading hotels such as the Four Seasons in Moscow and the Waldorf Astoria in Jerusalem, and the company’s presence at the football World Cup. In the VIP areas at the twelve World Cup stadiums in Brazil, BHS was represented with professional porcelain from its brands Bauscher, Schönwald and Tafelstern.
Noble China: BHS tabletop proves its innovative power
Strootmann regards the market launch of an extremely innovative bone-white porcelain body under the brand name Noble China as another milestone of the financial year ended and a revolution from a technological perspective. The porcelain, with its precious and filigree aura, is tailor-made for use in high-class catering establishments and hotels and impresses with its edge impact resistance and surface hardness. Accordingly, Purity, the new up-market china collection from Bauscher, is the most successful new product launch in the last 20 years at BHS. “Noble China has given BHS tabletop access to new target groups. We have shown that we can translate our state-of-the-art technology head start into innovative products of the highest quality”, adds BHS tabletop’s CEO. BHS tabletop makes further investments in Germany Investments in technology and capacity extension are the driving force for further growth and for differentiation among competitors. In the reporting year, BHS invested a total of EUR 14.7 million. The main focus of its investment, apart from the acquisition of UK hospitality supplier John Artis, was the installation of a new high-pressure casting plant at the company’s Schönwald site. BHS is going to invest another EUR 5 million in 2015. This will finance a further carousel crushing plant at the Weiden site with a view to increasing its existing capacities. The investment volume estimated for that project is EUR 1.3 million. In Schönwald, another EUR 1.4 million is going to be invested in the expansion of high-pressure casting capacities. From a sustainability point of view, too, BHS is playing a global pioneering role in the porcelain industry. Sustainable business management and modern environmental management are anchored firmly in the company’s processes and in its code of conduct. The company is certified in accordance with DIN EN ISO 14001 (environmental management) and DIN EN ISO 50001 (energy management). As of 31 December 2014, the company employed 1,132 people (previous year: 1,103). This increase resulted primarily from the acquisition of UK-supplier company John Artis. At the German sites the employment situation is pleasingly stable. Despite the high level of pension obligations, the financial and liquidity position at BHS remains solid. The unprecedentedly low interest rates led to a dramatic increase in pension provisions in the financial year and were accompanied by a reduction in the equity ratio. Even the group’s positive earnings figures were unable to offset this state of affairs. Consequently, the equity ratio declined from 40 to 32.5 per cent – although it remains at a comfortable level. Together with its highly positive liquidity position, then, BHS also retains the necessary financial strength to carry on investing successfully in markets and processes in the future. Outlook: Positive forecast for the current financial year The geopolitical crises in Eastern Europe are affecting all consumer and capital goods manufacturers. The economic sanctions imposed by the USA and the European Union, among others, and the sharp drop in the rouble for which these were partly responsible makes exporting more difficult and are currently having a depressant effect on investment intentions in the hotel and catering sector. The severe debt crisis in Greece is presently generating the same effect. In the USA, on the other hand, the buoyant economic figures give grounds for optimism. The fact that BHS exports to more than 120 countries and has developed even greater proximity to its customers in recent years continues to give the company a solid starting position for profitable growth. Christian Strootmann: “Although no upward trend will be discernible for a long time to come in the southern and eastern European economies, there are encouraging signals from other important regions and target markets. Thanks to our global presence, which is underlined by an export ratio of around 50 per cent, to our proven business model, and to our highly motivated and professional workforce, we are starting the current financial year optimistically despite the many challenges.” According to Irish publication fft.ie, UK catering supplier John Artis Limited has announced the acquisition of 70% of its share equity by leading German porcelain manufacturer, BHS tabletop AG. Based in Chessington, Surrey, Artis is a leading name in the UK out-of-home table and barware markets and has been established for almost 70 years. The day-to-day management of Artis remains unchanged, with directors and staff maintaining their existing roles, but with the additional management expertise from BHS tabletop AG. The company will continue to operate from its premises in Chessington. Speaking about the event John Artis commented: “We are thrilled to welcome BHS tabletop AG as equity partners. Our objective, as always, is to provide a range of products and a level of service and continuity to the Hospitality and Foodservice sectors in the UK and Ireland that is second to none. This exciting move will help us achieve that and more. From a personal perspective, I wanted to pass the company, which is my life’s work, into strong and capable hands. My fellow shareholders and I are looking forward to driving the next phase of growth for Artis in harmony with BHS tabletop AG.” BHS Tabletop is the parent company of the Bauscher, Tafelstern, and Schonwald dinnerware brands. To read more, go here: http://fft.ie/index.php/3606/bhs-tabletop-ag-purchases-majority-share-in-artis-ltd/ On the strength of the launch of Bauscher’s new Purity porcelain, sales achieved from The World Cup event, and strong sales success in North America, BHS Tabletop AG (parent of the Bauscher, Schonwald, and Tafelstern brands) announced its optimism for 2014 and dividend results for fiscal 2013. In North America, the restructuring of Bauscher USA with a positive impact resulting in U.S. sales growth from 4.8MM to 11.6 MM USD. In addition to strong results, the company announced a series of investments totaling 5.1 million Euros from this past year, including new high-pressure casting equipment at Schonwald. The company has also upgraded IT systems and reinvested in improvements to become more energy self-sufficient. "We understand it is not only our job, the BHS stand out from the framework and results in the industry, but also the strategic development of the company over and over again. Our production is currently probably the most modern and flexible production of hard-paste porcelain worldwide. And we want to expand our technology leadership," said BHS Tabletop AG CEO Christian Strootmann. Strootmann expects 2014 to remain positive for the company as the first several months have started positive both in terms of new products and strategic directions taken by the company. To read the entire release, go here: BHS Tabletop AG Press Release June 2014 To learn more about BHS Tabletop AG and its Bauscher, Schonwald, and Tafelstern brands, go here: http://www.bhs-tabletop.de/ With its new Purity collection, BAUSCHER, a brand of BHS tabletop AG, is presenting a new class of porcelain at this year’s Internorga in Hamburg. Thanks to the revolutionary new material Noble China and the timeless, clear shape, Purity sets impressive new standards for table settings in first class addresses around the world. “With Purity, we have reinvented porcelain anew,” says Marketing Director Manuela Küfner. “Ever since its founding in 1881, BAUSCHER has been driven by the ambition to continually improve what is already good. That is also the case with the newly developed hard porcelain Noble China, a genuine in-novation. A remarkably delicate body, the subtle exclusive “Bonewhite” color, and an extraordinary impact-resistant edge and surface hardness – all in perfect harmony with the classic, low-key aesthetic of the Purity design. This makes the highly elegant, fine collection ideally tailored for use in top restaurants and hotels.” Noble China: the discovery of a new material With Purity, the graceful delicateness of the material Noble China together with its characteristic, soft Bonewhite color makes the subtle difference. Thanks to the use of the highest quality materials, the outstanding characteris-tics of the innovative hard porcelain are impressive: Fired at 1,400 °C, Noble China meets the highest demands for durability. Thus, at the same time delicate and robust, the Purity collection is ideal for the daily demands of the hotel and restaurant business and combines graceful appearance with a chip-resistant edge that sets new standards – as one might expect, 100 percent BAUSCHER quality “Made in Germany”. Modern classic with expressive accents In Purity, designer Andreas Weber relies fully on confident understatement in the formal design: Clean basic shapes such as circles and ovals meet flowing gentle lines. While plates and platters fit comfortably into any dining atmosphere, due to their balanced proportions, expressive design elements set a counterpoint – for example, the aesthetically curved sauceboats or the delicate, circular knobs on the lids for bowls. With its austere sensual pleasure and filigree body, Purity provides the ideal stage for presenting the widest variety of modern international food concepts. The understated elegance of the collection unfurls in the undecorated porcelain items just as impressively as in the finely drawn decorations in the proven BAUSCHER in-glaze technique, underscoring the design details of Purity, for example through fine wicker-like patterns or natural leafy tendrils. Along with the extraordinary design, the focus of Purity is on the compatibility and versatility of the individual porcelain pieces: Thanks to the sophisticated compatibility of many items, round plates, oval platters and bowls in a variety of versions always combine together in a multitude of ways, constantly creating new delights and ensembles. “Contemporary sensuousness”: Designer Andreas Weber describes Purity this way: “The shape of Purity is inspired by the interior design of first-class international hotels and restaurants – from extravagant to classic modern. The focus is on the question, ‘How can a porcelain service visually reflect such interiors in a strong and yet subtle way?’ “ “The result: an exciting combination of clear, basic geometric shapes with elegantly curved lines. This pure, stylish design unites modern and classic aspects in a contemporary sensuousness. Generous dimensions and finely balanced proportions exude premium quality and a certain understatement. The principle of versatility also played an important role in the development of Purity right from the beginning: The goal was to be able to use the individual porcelain pieces in a variety of different dining concepts.”
Bauscher USA, Inc. is proud to announce the introduction of their new company name, BauscherHepp, Inc., effective January 1, 2014.
ProHeq GmbH, the parent company for Hepp and WMF Hotel, has acquired a stake in Bauscher USA joining BHS tabletop AG in ownership. The resulting partnership is the reformation of the North American subsidiary into BauscherHepp, Inc. BauscherHepp, Inc. distributes the BAUSCHER, HEPP, TAFELSTERN, WMF, and LUIGI BORMIOLI brands in USA. Additionally, BauscherHepp, Inc. distributes BAUSCHER, HEPP, and LUIGI BORMIOLI in Canada. BauscherHepp, Inc. has moved into new corporate offices at the end of January 2014 to support the growing sales and headcount. The new offices will almost triple the office space and feature a 3400 square foot showroom and event space allowing for clients to select the right tabletop from our extensive offering. “The addition of the first class metal brands completes our tabletop portfolio. We are able to supply a complete quality solution to discriminating clients”, said Jeffrey Heaney, President of BauscherHepp, Inc. “This is more significant than a sales cooperation. With the shared ownership of the US operation, our partners should be even more confident in the stability and secure future of our entity.” BauscherHepp, Inc. is a sales and marketing company for leading tabletop manufacturers producing plateware, cutlery, hollowware, and glass. Their clients include restaurants, hotels and resorts, casinos, private clubs, cruise lines, healthcare and retirement facilities, stadiums, and caterers. To learn more go here: www.bauscherhepp.com The BHS Tabletop group, parent of the Bauscher, Schonwald, and Tafelstern brands and a world marketleader for professional porcelain, increased its sales in the past financial year (2013 calendar year) by 10.7 per cent to Euro 91.1 million (preceding year: Euro 82.3 million). And the operating result also showed a positive pattern. BHS Tabletop’s success comes from a variety of projects. For example, BHS supplied the Confederations Cup in Brazil with porcelain and Bauscher, Schönwald and Tafelstern could also be found at the just completed Winter Olympics in Sochi. Quite a number of luxury hotels have opted for quality china from Upper Franconia and the Upper Palatinate regions in Bavaria. In addition, business in the US saw a disproportionally good market development. CEO Christian Strootmann expects to see further momentum there, given BHS’s collaboration with the Hepp and WMF Hotel cutlery brands. Also in the US, and in Canada and the Caribbean, BHS sells high-quality glass produced by the Italian manufacturer Luigi Bormioli. “We reinforced our global sales power and our position as a provider of integrated tabletop and logistics solutions. Given our service packages and supply dependability, the international catering sector increasingly views us as a provider for all issues concerning the set table,“ Strootmann said. He wants to further intensify the company’s sales expansion. In 2013, in a difficult market environment, BHS’s strategy had once again turned out to be right and reliable: “In a market showing excess capacities and cut-throat price competition, our 200-year-young company successfully developed its robust business model further,“ commented Strootman. For more information on BHS Tabletop and their results, go here: http://www.bhs-tabletop.de/index.php/company.152.html Hospitality tabletop leader BHS tabletop AG, parent of the Bauscher, Tafelstern, and Schonwald porcelain brands, has announced sales growth in the first six months of fiscal year 2013 by 10.1 percent to 44.9 million euros. BHS Tabletop CEO Christian Strootmann is quoted as saying: "Even if we can be satisfied with the results of the first half, given the very difficult environment for the porcelain industry, we are confronted with in our key southern European markets remains with the impact of the sovereign debt crisis. These markets have developed in the first half of the year declined. But the Central European and North American countries have positively raised by these developments, so that we have performed very well in our assets," said Strootmann. With a strong order backlog and the continued success of their “Made in Germany” strategy, BHS Tabletop expect positive 2013 results to be slightly ahead of year-ago results. To learn more about BHS and its announced 1st half results, go here: http://www.frankenpost.de/regional/wirtschaft/BHS-tabletop-schafft-deutlich-mehr-Umsatz;art2448,2764687
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