Villeroy & Boch Increases Revenue Due to Acquisition

Villeroy & Boch AG reported an increase in revenue for the first half of 2024, attributed to recent acquisitions. The consolidated revenue reached €647.3 million, a 47.9% increase compared to the same period last year. The acquisition of Ideal Standard, contributing €217.6 million since March, played a significant role.

The company's operating EBIT for the period was €46.3 million, up 20.6% from the previous year. The Bathroom & Wellness Division saw substantial growth, recording €513.5 million in revenue, a 71.8% increase, with a positive market response to new technologies like TwistFlush.

Meanwhile, the Dining & Lifestyle Division's revenue declined by 3.5% to €132.4 million, despite growth in e-commerce and company-owned retail shops. Investments in tangible and intangible assets totaled €16.7 million, focused mainly on the Bathroom & Wellness Division.

Villeroy & Boch's management board reaffirms its positive outlook for 2024, expecting significant increases in revenue, operating results, and investments due to ongoing acquisitions.