PRESS RELEASE
from Villeroy & Boch AG (ETR:VIB3)
Original-Research: Villeroy & Boch AG (von Quirin Privatbank Kapitalmarktgeschäft): Buy
Original-Research: Villeroy & Boch AG - from Quirin Privatbank Kapitalmarktgeschäft
20.03.2026 / 15:42 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.
Classification of Quirin Privatbank Kapitalmarktgeschäft to Villeroy & Boch AG
| Company Name: | Villeroy & Boch AG |
| ISIN: | DE0007657231 |
| Reason for the research: | update |
| Recommendation: | Buy |
| from: | 20.03.2026 |
| Target price: | 30.50 |
| Last rating change: | |
| Analyst: | Ralf Marinoni |
A resilient business model
Villeroy & Boch navigated a genuinely difficult 2025 with resilience — meeting its targets, advancing its integration agenda, reducing debt, and strengthening its balance sheet. Following divestments in its Northern European business, weak macroeconomic data (cautious consumer spending, sluggish housing construction), conflict in Gulf region, its outlook for the current business year - reduction of sales and operating EBIT - is no major surprise. Peer group multiples have come under pressure; therefore, we reduce our TP from EUR 34.50 to EUR 30.50.
Villeroy & Boch is a leading brand in the industry; we view the 2026 decline in sales as temporary, and therefore we maintain our Buy recommendation.
You can download the research here: VILLEROY20260320
For additional information visit our website: https://research.quirinprivatbank.de/
Contact for questions:
Quirin Privatbank AG
Institutionelles Research
Schillerstraße 20
60313 Frankfurt am Main
research@quirinprivatbank.de
https://research.quirinprivatbank.de/
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
View original content: EQS News
2295390 20.03.2026 CET/CEST