EQS-News: Villeroy & Boch increases revenue due to acquisition
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EQS-News: Villeroy & Boch AG
/ Key word(s): Quarterly / Interim Statement/Half Year Report
Press Release Mettlach, 31 July 2024
Interim report for the first half-year 2024 Villeroy & Boch increases revenue due to acquisition
Consolidated revenue: € 647.3 million In the first half of 2024, the Villeroy & Boch Group generated consolidated revenue (including licence income) of € 647.3 million, up € 209.5 million or 47.9 % on the same period in the previous year, due to acquisitions. Ideal Standard contributed revenue of € 217.6 million to the consolidated revenue starting 1 March 2024.
Operating EBIT: € 46.3 million In the first six months of the year, an operating EBIT (earnings before interest and tax) of € 46.3 million was achieved, which was 20.6 % higher than in the previous year.
Division performance The Bathroom & Wellness Division generated revenue of € 513.5 million in the first half of the 2024 financial year, up 71.8 % on the previous year due to acquisitions. In the first four months of Group affiliation, the Ideal Standard companies achieved revenue of € 217.6 million. The market response to the new TwistFlush technology continued to be positive. Overall revenue growth was strongest in the fittings and ceramic sanitary ware business. The Bathroom & Wellness Division achieved an operating result (EBIT) of € 41.5 million in the first half of 2024, up 24.6 % compared to the same period in the previous year. The Dining & Lifestyle Division generated revenue of € 132.4 million in the first half of 2024, which was 3.5 % or € 4.8 million below the same period in the previous year. Good revenue growth was achieved both in e-commerce and in the company's own retail shops. On the other hand, sales at brick-and-mortar retail partners declined. The Dining & Lifestyle Division had an operating result (EBIT) of € 4.8 million, which was 5.9 % below the same period in the previous year.
Investments In the first half of 2024, investments in intangible assets and property, plant and equipment totalled € 16.7 million, of which € 14.2 million was attributable to the Bathroom & Wellness Division and € 2.5 million to the Dining & Lifestyle Division. In the Bathroom & Wellness Division, work continued on a new factory building in Thailand and investments were made in a die-casting facility. Another die-casting facility was purchased in Hungary. In addition, investments were made in expanding the capacity of our furniture plant in Treuchtlingen. In the Dining & Lifestyle Division, investments were made mainly in the modernisation and acquisition of new production facilities and pressing tools in Merzig and Torgau, as well as in the modernisation of the company's own retail shops.
Outlook for 2024 as a whole The Management Board of Villeroy & Boch AG continues to expect a significant increase in revenue, operating result (EBIT) and investments as a result of acquisitions. It thus fully confirms the forecasts for 2024 as a whole that it made in connection with the publishing of the annual report.
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
31.07.2024 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: | 1957443 |
| End of News | EQS News Service |
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1957443 31.07.2024 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 | 31.07.2025 | 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% |
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