Villeroy & Boch posted a 6.7% increase in revenue for the first nine months of 2025, reaching €1,075.2 million. This growth was largely driven by the Ideal Standard acquisition, despite challenging market conditions and lower consumer spending. Operating EBIT rose slightly to €65.1 million, reflecting strong performance in the EMEA region (Europe, Middle East, Africa) and in the fittings and shower systems business.
Tough global economy, but solid results
The first nine months of the financial year were marked by a challenging global economic environment. In the Bathroom & Wellness division, the ongoing decline in the European residential construction sector, coupled with restrained investment – including in renovations – had a significant impact on business development.
“Against the backdrop of the current global economic situation and the associated restraint in consumer spending and investment, which is particularly affecting key growth markets for us such as China and the eurozone, we performed well in the market in the first nine months,” summarises CEO Gabi Schupp.
“The positive response to our innovations in both business segments and the further internationalisation of our business are the result of our strategic realignment following the acquisition.”
Strong Performance in EMEA Region
The Bathroom & Wellness division achieved sales growth of 8.3%, reaching €865.6 million. This was driven by strategic acquisitions, with fittings and shower systems growing by €37.9 million and sanitary ceramics and kitchens increasing by €21.7 million. The launch of new products like ALU+ and Antao, as well as the i.life and Architectura collections, were well received. The EMEA region saw particularly strong growth of 13.4%, while the Asia-Pacific and Americas regions experienced a drop in sales of 26.9%. The division’s operating EBIT was €52.5 million, consistent with last year.
Dining & Lifestyle Shows Modest Growth
The Dining & Lifestyle division generated €207.6 million in sales, with a 2.0% increase in pure product business. Sales to retail partners grew by 11.0%, and the project business for hotels and restaurants was up by 8.9%. Operating EBIT for this division was €12.6 million, marking a 3.3% increase compared to last year.
Outlook for 2025
The economic outlook remains uncertain, and Villeroy & Boch is adjusting its forecast for 2025. It expectss sales growth to be in the low single digits, with operating EBIT slightly below last year’s figures. Investments in property and assets are expected to be slightly lower than the previous year.