24.01.2024
Bielefeld- The Bielefeld-based family business Ritex, manufacturer of condoms, personal lubricants and other medical products, is proud to announce the highest sales growth in its 75-year company history for 2023.
"We are delighted to be able to announce the outstanding results for the 2023 financial year. The increase in turnover of around 20% is proof of the trust our customers place in our products," says Robert Richter, 3rd generation Managing Director of Ritex GmbH. "It has paid off that, despite all the challenges of recent years, we have remained true to Made in Germany and continue to manufacture and develop our products here in Bielefeld."
In 2023, Ritex GmbH not only demonstrated economic stability, but also consolidated and expanded its position as one of the leading players in the field of medical device condoms and personal lubricants. Against the backdrop of steadily growing business, Ritex GmbH is slowly outgrowing its current site in Bielefeld-Hillegossen. "We were very pleased to see that the city of Bielefeld has finally given us some signals regarding the expansion of industrial space," continued Richter. We would like to remain loyal to Bielefeld as a location, but we need a perspective for future growth.
The recently published results of the BZGA study on the contraceptive behavior of adults in Germany in 2023 also give Ritex a positive outlook for the future: With a usage rate of 53%, the condom is used significantly more often than the pill for contraception for the first time since 2007. This fundamental change in contraceptive behavior is based on an increasingly critical attitude towards hormonal contraceptive methods.
This remarkable trend confirms Ritex's view that condoms made in Germany still have a great future ahead of them.