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/
Top interiors mag design et al has announced that Yurtbay Seramik has won the Wallcovering Award in The International Design and...Continue Reading
Wacker Chemie AG is expanding its range of services in Turkey by opening a technical centre for construction, textile and consumer-care...Continue Reading