Villeroy & Boch has announced record revenue of €1.42 billion for 2024, marking a 57.6% increase year-on-year. This surge is primarily attributed to the acquisition of Ideal Standard in March 2024, which also contributed to a 10% rise in operating EBIT, from €88.7 million to €97.6 million, despite challenging market conditions.
Strategic Integration of Ideal Standard
The integration of Ideal Standard has been a key focus for Villeroy & Boch in 2024. CEO Gabi Schupp commented, “The successful integration of Ideal Standard has strengthened our position in the market, with two powerful brands, a clear growth strategy, and an international structure.” The combined strengths in product portfolios, sales channels, and regional presence have enhanced the Group’s competitiveness.
Acquisition-Driven Growth in Bathroom & Wellness
The Bathroom & Wellness Division saw a substantial revenue increase of 89.7%, reaching €1.1 billion. The acquisition of Ideal Standard contributed €512.1 million in sales. Despite a sluggish construction sector, revenue growth was recorded in ceramic sanitary ware and fittings. Operating profit (EBIT) in this division rose 13.8%, reaching €65.2 million.
Stability in Dining & Lifestyle Division
The Dining & Lifestyle Division maintained a stable revenue of €319.3 million despite economic challenges. Growth in project business for hotels and restaurants, along with e-commerce, offset declines in brick-and-mortar retail. The division closed 2024 with an operating profit (EBIT) of €32.4 million, a 3.2% increase from the previous year.
Investments and Modernisation
In 2024, Villeroy & Boch invested €58.3 million in modernising and automating production sites, as well as enhancing its brand presence. This included the opening of Villeroy & Boch World and an outlet in Mettlach, Germany, along with updates to company-owned retail shops.
Dividend Proposal
The Supervisory and Management Boards propose a dividend of €0.85 per ordinary share and €0.90 per preference share, to be discussed at the Annual General Meeting on 9 May 2025.
Outlook for 2025
Looking ahead, Villeroy & Boch forecasts high single-digit percentage growth in consolidated revenue for 2025, with a moderate increase in operating EBIT. The rolling return on net operating assets is expected to remain stable.