In the first 9 months of the 2024 financial year, the Villeroy & Boch Group generated revenue (including licence income) of €1,007.8 million, exceeding the €1 billion mark for the first time. As a result of the acquisition of Ideal Standard, the Group was up €357.2 million or 54.9 % on the same period of the previous year. Ideal Standard contributed revenue of €364.6million to Group revenue from 1st March 2024.
In the first three quarters of 2024, pre-tax profits of €64.5 million were achieved, which was 11.6 % higher than in the previous year. Due to acquisition-related one-off effects and financing costs, the consolidated net profit amounts to €5.6 million and is significantly lower than in the previous year.
The Bathroom & Wellness Division generated revenue of €799.5 million in the first 9 months of the financial year – an increase of 83.5 % on the previous year due to acquisitions. The Ideal Standard companies contributed revenue of €364.6 million since 1st March 2024. Despite the continued subdued development of the construction sector, the previous year's revenue level was reached when adjusted for acquisitions. The largest revenue increases were achieved in the sanitary ceramic and fittings business areas. The Bathroom & Wellness Division generated an operating profit (EBIT) of €52.3 million in the first 9 months of the 2024 financial year – an increase of 14.4 % over the previous year.
In the period from January to September 2024, investments in intangible assets and property, plant and equipment totalling €31.0 million were made, of which €26.7 million was attributable to the Bathroom & Wellness Division and €4.3 million to the Dining & Lifestyle Division. The additions at the date of initial consolidation (29th February 2024) in connection with the acquisition of Ideal Standard are not included in those figures.
The Management Board of Villeroy & Boch says it continues to expect a significant, acquisition-related increase in revenue, operating result (EBIT) and investments.
