Villeroy & Boch AG
Villeroy & Boch AG: Excellent business performance in first quarter – Villeroy & Boch raises revenue and earnings forecasts for 2021
DGAP-News: Villeroy & Boch AG
/ Key word(s): Quarter Results
Press Release Interim report on the first quarter of 2021
Consolidated revenue: € 223.3 million Incoming orders increased in the first quarter of 2021, rising by € 31.2 million as against 31 December 2020 to € 132.0 million. € 108.7 million (31 December 2020: € 85.1 million) of this figure relates to the Bathroom and Wellness Division, while € 23.3 million (31 December 2020: € 15.7 million) relates to the Dining & Lifestyle Division. EBIT: € 18.6 million The first quarter of 2021 was highly positive for the Dining & Lifestyle Division as well. The division generated revenue of € 63.3 million (previous year: € 56.0 million), € 7.3 million higher than in the previous year, though the comparative period was already being affected by the far-reaching closure of retail stores on account of the COVID-19 crisis from the middle of March 2020. The biggest growth driver on almost all relevant markets was e-commerce activities (€ +12.1 million). An increase in revenue of € 5.3 million was generated with retail outlet partners. The Dining & Lifestyle Division ended the quarter with operating EBIT of € 2.0 million, up € 6.4 million year-on-year. This was mainly thanks to the increase in revenue and the savings at the retail stores affected by the lockdown measures. Investments Outlook for 2021 as a whole The Management Board of Villeroy & Boch AG considers the economic position of the Group to be positive on the whole. “We have had an extraordinarily strong start to 2021. Business performance in the first quarter has been outstanding. Demand for our products has increased significantly. We are currently benefiting especially from the trend towards home renovation and refurbishment,” said Frank Göring, CEO of the Villeroy & Boch Group. Contact:
22.04.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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 |
EQS News ID: | 1187371 |
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