Villeroy & Boch AG: Preliminary revenue figures for the 2019 financial year - Villeroy & Boch enjoys strong final quarter
January 06, 2020 at 11:25 am EST
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Villeroy & Boch AG: Preliminary revenue figures for the 2019 financial year - Villeroy & Boch enjoys strong final quarter
06.01.2020 / 17:20
The issuer is solely responsible for the content of this announcement.
Preliminary revenue figures for the 2019 financial year - Villeroy & Boch enjoys strong final quarter
Mettlach, 6 January 2020 - Villeroy & Boch continued the improved trend it reported in the third quarter of 2019 with strong business performance in the fourth quarter. According to preliminary figures, revenue including licence income amounted to ? 245 million in the final quarter, up 3.4 % on the same period of the previous year. This growth was driven by both the Bathroom and Wellness Division (+3.0 %) and the Tableware Division (+4.8 %). This meant that Villeroy & Boch generated preliminary revenue including licence income of ? 833 million for 2019 as a whole, thereby meeting the revised target of ? 825-850 million as announced after the first six months of 2019. It is therefore assumed that the revised operating result (EBIT) target of between ? 48 million and ? 52 million will also be met. In addition, the sale of property in Luxembourg was successfully completed in December, contributing to a high eight-figure non-recurring income as expected.
Villeroy & Boch will announce the final figures for the fourth quarter and the 2019 financial year with the publication of the consolidated financial statements at the financials and analysts' press conference on 6 February 2020.
Further inquiry note:
Katrin May
Head of PR
Tel: (+49) 6864 81-2714
Mail: may.katrin@villeroy-boch.com
06.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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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
Villeroy & Boch AG, is a Germany-based ceramic manufacturer. The Company operates through two segments: Bathroom and Wellness, and Tableware. The Bathroom and Wellness segment manufactures ceramic sanitary ware, ceramic kitchen sinks, bathroom furniture, bathtubs and shower tabs, whirlpools, fitting and accessories. The product range also includes solutions for saunas and spa facilities, kitchen fittings and accessories purchased from third parties, among other things. The Tableware segment covers the complete assortment of tableware, crystal and cutlery, as well as accessories, kitchen and tableware textiles and a selection of gift articles. For sanitary projects the Company's main customers are architects, interior designers and planners of public institutions, office buildings, hotels and residential complexes, among others. For tableware projects its main customers are hotel and restaurant operators.