PRESS RELEASE: Villeroy & Boch AG: Consistent good commercial performance in the third quarter of 2021 also

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DGAP-News: Villeroy & Boch AG / Keyword (s): Quarterly / Interim statement Villeroy & Boch AG: Consistent good commercial performance in the third quarter 2021 also 2021-10-20 / 08:00 The issuer is alone responsible for the content of this advertisement.

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Press information

Mettlach, October 20, 2021

Interim report on the third quarter of 2021 Consistent good commercial performance in the third quarter of 2021 as well. Consolidated turnover rose 24.7% to 684.5 million euros over the first nine months of the year. Operating EBIT up sharply year-on-year to € 61.8 million (€ 10.3 million). Revenues and profit forecasts again raised for the whole of 2021

Turnover: up 24.7% compared to the previous year After a solid first half year and a still positive commercial performance in the third quarter, the consolidated turnover of the Villeroy & Boch Group (including of licenses) increased by 24.7% year-on-year to EUR 684.5 million. The Group is therefore well ahead of the previous year, which had been strongly impacted by the COVID-19 pandemic and even reached a level of turnover significantly higher than that before the crisis.

Operating EBIT increased to € 61.8 million Thanks to a solid first half and a very good third quarter, the Group was able to close the first nine months of fiscal 2021 with operating income before interest and taxes ( EBIT) of 61.8 million euros (previous year: 10.3 million euros) and thus achieve a significant increase in profits. However, the previous year’s bottom line was hampered by the collapse in demand linked to the COVID-19 crisis and the plant closures and downsizing that followed.

Development in the divisions The Bathroom and Wellbeing division achieved a turnover of 477.8 million euros in the first nine months of fiscal year 2021 (previous fiscal year: 383.8 million euros ), up 24.5% from the previous year. Recall that the previous year was impacted by the COVID-19 crisis in the second quarter of 2020 in particular. Fortunately, revenue growth was generated in all areas of activity. The increase in turnover of 94.0 million euros in total was mainly due to ceramic sanitary ware (+56.2 million euros), where the Group benefited greatly from the trend towards home renovations. . However, considerable turnover growth was also achieved in the wellness (+ EUR 15.2 million) and fittings (+ EUR 12.6 million) business areas. Mainly due to the extremely positive revenue performance, the Bathroom and Wellness division closed the first nine months of fiscal 2021 with an operating result (EBIT) of 50.2 million euros (year previous: 19.3 million euros).

The Dining & Lifestyle division generated sales of 204.7 million euros in the first nine months of fiscal 2021, an increase of 25.6% or 41.7 million euros compared to the previous year (163.0 million euros). The previous year’s revenue was severely impacted by the officially ordered global shutdown of outlets and the drop in global demand due to the COVID-19 crisis. The revenue growth was generated in almost all sales channels in the first nine months of fiscal 2021. This is mainly reflected in the e-commerce revenue (EUR +22.0 million ) and with our point of sale partners (EUR +18.8 million). In addition, the declines in turnover (-0.9 million euros) in our own retail stores, which were affected by the second foreclosure in the first and second quarters of 2021, were almost offset. Thanks to the substantial increase in turnover, the Dining & Lifestyle division ended the period with an operating EBIT of 11.6 million euros, up 20.6 million euros compared to the year previous, which was also affected by the costs of shutting down the plants in Merzig and Torgau.

Investments 15.4 million euros were invested in tangible and intangible assets during the first nine months of 2021 (previous year: 10.7 million euros). The Bathroom & Wellness division accounted for € 10.7 million, with the remaining € 4.7 million attributable to the Dining & Lifestyle division. In the Bathroom and Wellness division, new facilities were acquired, in particular for the sanitary ware plant in Hungary and the bathroom furniture plant in Austria, as well as tools for the production of ViClean. The investments of the Dining & Lifestyle Division mainly include the maintenance and modernization of the logistics center in Merzig, new acquisitions of isostatic presses and pressing tools, as well as the energy optimization of an oven.

Outlook for the full year 2021 After a solid first half year and continued positive business performance in the third quarter of 2021, the Management Board of Villeroy & Boch AG has again raised its revenue and profit forecast for the 2021 financial year. As already announced in the ad hoc communication of September 29, 2021, the Management Board now forecasts that consolidated sales will amount to more than 920 million euros and that the Group’s operating profit will rise to more than 85 millions of euros. The profit forecast has been raised again as an increase in revenue is expected for 2021. Based on the revised targets, the return on net operating assets is expected to be between 25% and 30%. “The consistent good business performance in the third quarter also reflects our current market presence,” said Frank Göring, CEO of the Villeroy & Boch Group. As before, the forecast is still uncertain due to the COVID-19 pandemic. Any declines in the currently excellent performance of the Villeroy & Boch group in the fourth quarter of 2021 could be the result of ongoing economic developments in the construction sector and future spending patterns of private households, although this seems unlikely at this time. Please find the full interim report as a PDF file for download here: http://www.villeroyboch-group.com/fr/relations-investisseurs/publications.html Additional note: Katrin May Head of PR Tel. : (+49) 6864 81-2714 Mail: [email protected] or

Anabell Westrich Manager Corporate Communications Tel. : +49 (0) 6864 81-1338 E-Mail: [email protected]

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2021-10-20 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this advertisement. DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases. Archives on www.dgap.de

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Language:     English 
Company:      Villeroy & Boch AG 
              Saaruferstraße 1-3 
              66693 Mettlach 
              Germany 
Phone:        +49 (0)6864 81-0 
E-mail:       [email protected] 
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:  1241916 
 
End of News   DGAP News Service 
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1241916 2021-10-20

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(END) Dow Jones Newswires

October 20, 2021 02:00 ET (06:00 GMT)


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