Green demand drives sales at Stiebel Eltron

GREEN technology specialist Stiebel Eltron said demand for renewable technology equipment, such as heat pumps, has driven UK sales in the past year.

German-owned Stiebel Eltron – which has offices in 72 countries – set up a UK base at Bromborough on the Wirral three years ago.

The office, which employs 14 staff, is part of a global group which has annual sales of £450m and 3,000 staff.

The company said its UK operation has seen turnover grow by 18% in the last 12 months, with an 85% leap in March.

UK managing director Mark McManus said: “We are delighted with this strong performance after three years of really hard work. We achieved our target again last month and our turnover was 14% up on April the previous year, despite all the Bank holidays.

“Importantly the growth is being driven by all divisions of the business across the UK – heat pumps, solar and home comforts. Our heat pump sales are increasing thanks to a number of large contracts in the commercial sector including the Citibank building in Canary Wharf, and a fast rising number of domestic property owners looking to go green.”

Demand has been strong for heat pumps, solar panels and microgeneration products, said Mr McManus.