EQS-News: Villeroy & Boch consolidates Ideal Standard’s March figures for first time
|
EQS-News: Villeroy & Boch AG
/ Key word(s): Quarter Results
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: € 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.
The Dining & Lifestyle Division generated revenue of € 72.3 million in the first quarter of 2024, down by 7.0 % on the previous year. This was mainly reflected in revenue from our retail outlets where there was a decline in revenue, in particular as a result of an economic downturn in Korea and the persistently weak economic situation in the US. By contrast, growth in revenue was achieved in e-commerce and at retail outlets. The Dining & Lifestyle Division ended the quarter with operating EBIT of € 5.7 million, a slight increase on the previous year. The downturn in earnings due to revenue development was offset by cost savings.
Investments The Group invested € 4.0 million in property, plant and equipment and intangible assets in the first quarter of 2024, € 3.1 million of which in the Bathroom & Wellness Division and € 0.9 million in the Dining & Lifestyle Division. In particular, investment activity in the Bathroom & Wellness Division included pressure casting systems in Thailand and Hungary plus new moulds for shower and bath tubs in Belgium and the Netherlands. Investment in the Dining & Lifestyle Division essentially included the modernisation of the production facilities in Merzig and Torgau, the acquisition of pressing tools and the modernisation of the Group’s retail stores.
Outlook for 2024 as a whole The market environment continues to be characterised by a high degree of uncertainty. The Management Board of Villeroy & Boch AG is still expecting a significant increase in revenue, operating EBIT and investment due to the acquisition. It is thus confirming its forecast for 2024 as a whole as published in the annual financial statements.
Please find the complete Report as a PDF-file for download here: http://www.villeroyboch-group.com/en/investor-relations/publikationen.html
Contact: Anabell Westrich Corporate Communications Tel: +49 (0)6864 81-1338 E-Mail: westrich.anabell@villeroy-boch.com
15.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Villeroy & Boch AG |
| Saaruferstraße 1-3 | |
| 66693 Mettlach | |
| Germany | |
| Phone: | +49 (0)6864 81-0 |
| E-mail: | information@villeroy-boch.com |
| Internet: | www.villeroy-boch.de |
| ISIN: | DE0007657231, DE0007657207 |
| WKN: | 765723 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1902985 |
| End of News | EQS News Service |
|
|
1902985 15.05.2024 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 | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 853,10 | 833,30 | 800,90 | 945,00 | 994,50 | 901,90 | 0,00 | |
| EBITDA1,2 | 77,10 | 92,70 | 86,20 | 130,80 | 138,20 | 129,20 | 0,00 | |
| EBITDA-Margin3 | 9,04 | 11,12 | 10,76 | 13,84 | 13,90 | 14,33 | 0,00 | |
| EBIT1,4 | 53,60 | 51,00 | 40,70 | 90,50 | 96,80 | 89,00 | 0,00 | |
| EBIT-Margin5 | 6,28 | 6,12 | 5,08 | 9,58 | 9,73 | 9,87 | 0,00 | |
| Net Profit (Loss)1 | 33,90 | 80,40 | 22,90 | 60,50 | 71,50 | 61,00 | 0,00 | |
| Net-Margin6 | 3,97 | 9,65 | 2,86 | 6,40 | 7,19 | 6,76 | 0,00 | |
| Cashflow1,7 | 2,10 | 46,30 | 136,50 | 73,80 | 54,10 | 67,60 | 0,00 | |
| Earnings per share8 | 1,30 | 3,06 | 0,88 | 2,30 | 2,72 | 2,31 | 1,80 | |
| Dividend per share8 | 0,60 | 0,55 | 0,55 | 1,00 | 1,20 | 1,05 | 1,05 | |
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 | 425,56 Mio € | 08.06.1990 | Kaufen | 8FX8FHVV+JJ |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 6,98 | 10,50 | 0,66 | 8,55 | 1,28 | 6,30 | 0,47 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 1,20 | 1,05 | 1,05 | 6,93% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 09.05.2025 | 29.04.2025 | 31.07.2024 | 24.10.2024 | 13.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -6,26% | -10,34% | -15,36% | -14,41% | -48,90% |
Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.
Contact
