|
EQS-News: Villeroy & Boch AG
/ Key word(s): Annual Results
Press Release Mettlach, 2 March 2023 Successful business performance continues in the 2022 financial year:
Consolidated revenue: € 994.5 million In the 2022 financial year, the Villeroy & Boch Group generated consolidated revenue (incl. licence income) of € 994.5 million. This represented an increase of € 49.5 million or 5.2 % on the previous year and was in part due to higher sales prices. EBIT: € 96.8 million The Group generated EBIT of € 96.8 million in the 2022 financial year, up 7.0 % on the same period of the previous year (€ 90.5 million). This earnings growth was due to the additional revenue generated and the resulting € 7.4 million increase in the absolute gross margin. The Group result for the 2022 financial year amounted to € 71.5 million. This represents a substantial increase of € 11.0 million or 18.2 % on the figure for the previous year. The Bathroom & Wellness Division generated revenue of € 661.9 million in the 2022 financial year, up € 32.5 million or 5.2 % on the previous year. Pleasingly, revenue growth was generated in almost all business areas. The Dining & Lifestyle Division generated revenue of € 329.4 million in the 2022 financial year, up € 16.7 million or 5.3 % on the previous year. The division significantly increased revenue with its retail outlet partners (€ +11.6 million or +13.0 %) and with its own retail stores (€ +7.8 million or +8.3 %) compared with the previous year. In addition to this growth, the e-commerce business consolidated after the COVID-19 restrictions expired, but was still well above pre-crisis levels. Investments Investments in property, plant and equipment and intangible assets amounted to € 36.7 million in total in the 2022 financial year (previous year: € 32.8 million). 57 % of this investment was attributable to Germany (previous year: 33 %). At € 25.6 million or 69.8 %, investments primarily concentrated on the Bathroom & Wellness Division. Investment activity focused on the modernisation and automation of production at the locations in Germany and abroad, particularly the ceramic ware plants in Hungary and Romania and the furniture plants in Treuchtlingen, Germany, and Austria. € 11.1 million was invested in the Dining & Lifestyle Division, corresponding to 30.2 % of the total investment volume. New machinery and tools were acquired for production at the Merzig and Torgau plants. In addition, investments were made in the ongoing optimisation of the retail network, including renovating and opening stores. Dividend At the General Meeting of Shareholders on 21 April 2023, the Supervisory Board and the Management Board will propose that the unappropriated surplus of Villeroy & Boch AG be used to distribute a dividend of € 1.20 per preference share and € 1.15 per ordinary share. Assessment of the company’s position The Management Board of Villeroy & Boch AG considers the economic position of the Group to be positive. The Villeroy & Boch Group brought the 2022 financial year to a successful close despite the challenging environment. The revenue and EBIT targets for the 2022 financial year and the planned return on net operating assets were achieved. The Group expects global economic growth to be weak on the whole in 2023. The war in Ukraine and the interest rate hikes by central banks to combat inflation are continuing to stifle economic activity. However, global inflation is expected to decline. Economic performance in the euro area is likely to be moderate, with the German economy set to deteriorate considerably. Based on the expected economic environment, the goal for the 2023 financial year is to achieve organic growth in consolidated revenue of between 4 % and 7 %, mainly due to an increase in sales prices. The Group expects its operating EBIT to remain at the prior-year level. 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
02.03.2023 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: | 1572239 |
| End of News | EQS News Service |
|
|
1572239 02.03.2023 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
