Original-Research: Villeroy & Boch AG (von Quirin Privatbank Kapitalmarktgeschäft): Buy
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Original-Research: Villeroy & Boch AG - from Quirin Privatbank Kapitalmarktgeschäft
Classification of Quirin Privatbank Kapitalmarktgeschäft to Villeroy & Boch AG
Q1-25 figures reflect Ideal Standard integration In the first quarter of FY 2025, V&B achieved consolidated sales of EUR 369.1m, which—due to acquisitions—was EUR 92.0m or 33.2% higher than the previous year's figure (EUR 277.1m). It should be noted that the previous year's quarter did not include revenue contributions from the acquired companies of Ideal Standard, which have only been included since March 1, 2024. Tailwind also in incoming orders: V&B’s order intake in Q1-25 led to an increase in the order backlog of EUR 23.1m to EUR 195.1m compared to December 31, 2024. The order backlog in the Bad & Wellness business segment amounted to EUR 156.2m, compared to EUR 150.5m as of December 31, 2024. The order backlog in the Dining & Lifestyle business segment was EUR 38.9m (December 31, 2024: EUR 21.5m) and increased due to orders already placed by its business customers for Christmas merchandise. Overall, the company was able to improve its operating EBIT by 4.3% yoy to EUR 24.1m. The operating EBITDA increased even more by 20.0% yoy to EUR 42.6m. Its liquidity amounts to a very solid EUR 74.8m position. As a result, the company continues to forecast an increase in consolidated revenue in the high single-digit percentage range and a moderate increase in operating EBIT for the 2025 financial year. We leave our estimates unchanged and confirm the EUR 34.50 TP and BUY recommendation. You can download the research here: http://www.more-ir.de/d/32654.pdf For additional information visit our website: https://research.quirinprivatbank.de/ Contact for questions: Quirin Privatbank AG Institutionelles Research Schillerstraße 20 60313 Frankfurt am Main research@quirinprivatbank.de https://research.quirinprivatbank.de/
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2140604 19.05.2025 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 833,30 | 800,90 | 945,00 | 994,50 | 901,90 | 1.421,00 | 1.478,00 | |
| EBITDA1,2 | 92,70 | 86,20 | 130,80 | 138,20 | 129,20 | 112,30 | 114,00 | |
| EBITDA-Margin3 | 11,12 | 10,76 | 13,84 | 13,90 | 14,33 | 7,90 | 7,71 | |
| EBIT1,4 | 51,00 | 40,70 | 90,50 | 96,80 | 89,00 | 38,60 | 39,50 | |
| EBIT-Margin5 | 6,12 | 5,08 | 9,58 | 9,73 | 9,87 | 2,72 | 2,67 | |
| Net Profit (Loss)1 | 80,40 | 22,90 | 60,50 | 71,50 | 61,00 | 6,60 | 7,50 | |
| Net-Margin6 | 9,65 | 2,86 | 6,40 | 7,19 | 6,76 | 0,46 | 0,51 | |
| Cashflow1,7 | 46,30 | 136,50 | 73,80 | 54,10 | 67,60 | 58,40 | 62,00 | |
| Earnings per share8 | 3,06 | 0,88 | 2,30 | 2,72 | 2,31 | 0,25 | 0,27 | |
| Dividend per share8 | 0,55 | 0,55 | 1,00 | 1,20 | 1,05 | 0,90 | 0,90 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Deloitte
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Villeroy & Boch VZ | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 765723 | DE0007657231 | AG | 449,43 Mio € | 08.06.1990 | Halten | 8FX8FHVV+JJ |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 20,00 | 10,63 | 1,88 | 10,38 | 1,40 | 7,70 | 0,32 |
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Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 1,05 | 0,90 | 0,90 | 5,63% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 08.05.2026 | 29.04.2025 | 31.07.2025 | 24.10.2024 | 19.03.2026 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -0,67% | -4,60% | +5,96% | +6,67% | -46,04% |
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