Villeroy & Boch, one of the most important international groups in the tiles, sanitaryware and tableware sectors, posted consolidated revenue of Euro 853.1 million in 2018, up 2% on 2017, along with a 7.6% improvement in EBIT to Euro 53.6 million.
These positive results were driven by the Bathroom and Wellness division, which generated more than two-thirds of the group’s revenues (Euro 584.3 million, up 4.7% from 2017.
The UK experienced a decline in revenue partly as a result of the weakness of the pound (-7.3%), whereas Southern Europe enjoyed an outstanding revenue performance (+7.6%) and revenue in Germany continued to rise (+1.3%). Demand was much stronger outside Europe, where revenue increased by 22.8% overall to 130.1 million euros. The Asia-Pacific region again achieved strong growth (+33.4%), passing the Euro 100 million mark for the first time. China contributed greatly to this with a 31.5% surge in revenue.
For the current year, Villeroy & Boch’s CEO Frank Göring expects to see growth of between 3% and 5% in consolidated revenue and EBIT.
More at: https://www.villeroy-boch.co.uk/
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