VB Geschaeftsfuehrung - Villeroy & Boch: Successful fiscal year 2018

Dr. Markus Warncke (l), Board of Directors Finance and Frank Göring, Chairman, presenting the result s of the fiscal year 2018 for Villeroy & Boch AG.

D – Villeroy & Boch AG has announced its figures for the fiscal year 2018. The group’s turnover increased by 2.0% up to 853.1 mil. Euros. This includes for the first time revenue from the licensing business, which were recorded under “other operating income” last year. Licensing and currency-adjusted, the growth in turnover amounts to 2.8%, the earnings before interest and tax (EBIT) improved in the fiscal year 2018 by 7.6% up to 53.6 mil. Euros.

The turnover of the business area “Bathroom and Wellness” rose by 4.7% in the fiscal year 2018 up to 584.3 mil. Euros. A 1.3% increase was achieved in Germany, a decline was recorded in Great Britain (-7.3%), which was partly due to the currency exchange rate, whereas in contrast the region Southern Europe (+7,6%) stood out with a positive turnover development. The turnover of the non-European markets rose by 22.8% up to 130.1 mil. Euros, whereby the Asia-Pacific region once again registered a strong growth rate of 33.4% with a turnover volume of 100.1 mil. Euros – exceeding the 100 mil. Euro mark for the first time. As the most important growth market, China contributed strongly towards this development – achieving a 31.5% increase in turnover. On the other hand, with a turnover volume of 266.2 mil. Euros, the Villeroy & Boch group recorded negative growth for the turnover of the business area “Table Culture” (-4.4%) last year. The turnovers particularly declined in Europe (-4.7%), whereas the company was able to increase its turnover by 3.7% in the USA.

The investments in fixed assets and intangible assets in the last fiscal year amounted to 43.6 mil. Euros, 86.5% of which was invested in the Bath and Wellness area to purchase new production plants for the sanitary ceramic plants in Germany and abroad. In the business area Table Culture, the investments were mainly spent on new production plants as well as for optimising the retail trade network.

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