In the first nine months of the 2024 financial year, the Villeroy & Boch Group generated revenue (including license income) of €1,007.8 million, surpassing the €1 billion mark for the first time. This represents an increase of €357.2 million or 54.9% compared to the same period last year, largely due to the acquisition of Ideal Standard, which contributed €364.6 million to Group revenue from March 1, 2024.
Operating EBIT reached €64.5 million in the first three quarters of 2024, an 11.6% increase from the previous year; and consolidated net profit was €5.6 million, significantly lower than last year due to acquisition-related one-off effects and financing costs.
The company's Bathroom & Wellness Division generated a revenue of €799.5 million, an 83.5% increase, benefiting from acquisitions. Operating profit (EBIT) was €52.3 million, up 14.4%. In the Dining & Lifestyle Division, revenue declined by 2.9% to €206.2 million due to weak consumer demand. Operating result (EBIT) was €12.2 million, slightly above the previous year.
The company's investments from January to September 2024 totalled €31.0 million, with €26.7 million in the Bathroom & Wellness Division and €4.3 million in the Dining & Lifestyle Division.
The Management Board continues to expect significant, acquisition-related increases in revenue, operating results (EBIT), and investments, confirming its 2024 forecasts.
More information:
Villeroy & Boch
www.villeroyboch-group.com