How they do it at Grohe

Germany’s mittelstand companies are renowned for their technical expertise and efficiency. Usually trading on the MDAX, they combine innovation and experience in a way that often confounds Anglo-Saxon pundits. However, even their best friends would admit that the cutting edge of their IR is unlikely to slice a sausage in the local beer garden. Compared to most of its mittelstand peers, Friedrich Grohe AG seems somewhat ahead of the game. But life ain’t easy for these German mid-caps,