EQS-News

Villeroy & Boch consolidates Ideal Standard’s March figures for first time

EQS-News: Villeroy & Boch AG / Key word(s): Quarter Results Villeroy & Boch consolidates Ideal Standard’s March figures for first time 15.05.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement.

Press Release

Mettlach, 15 May 2024

 

Interim report on the first quarter of 2024

Villeroy & Boch consolidates Ideal Standard’s March figures for first time
 

• Consolidated revenue rises by 20.8 % to € 277.1 million (previous year: € 229.3 million) due to acquisition effects
• Operating EBIT up slightly by 0.4 % year-on-year at € 23.1 million
• Total assets increase by € 620.8 million to € 1,717.0 million

 

Consolidated revenue: € 277.1 million

The Villeroy & Boch Group generated consolidated revenue (including licence income) of € 277.1 million in the first quarter of 2024, € 47.8 million or 20.8 % higher than in the previous year as a result of acquisition effects (€ 229.3 million). Ideal Standard contributed € 57.1 million to consolidated revenue from 1 March 2024.

 

Operating EBIT: € 23.1 million

Operating EBIT of € 23.1 million was generated in the first quarter of 2024, slightly higher than in the previous year by 0.4 % (€ 23.0 million).

 

Development in the divisions

The Bathroom & Wellness Division generated revenue of € 204.1 million in the first quarter of 2024, up 35.4 % on the previous year (€ 150.8 million) as a result of acquisition effects. There was a consistently positive market response to new products featuring TwistFlush technology in particular. Revenue growth was reported in almost every business area – in particular in fittings and ceramic sanitary ware. The Bathroom & Wellness Division began 2024 with operating EBIT of € 17.4 million in the first quarter, thereby matching the previous year’s level.