A leading ceramics manufacturer has reported record revenue for the 2024 financial year, attributing its success to a major acquisition in March 2024. The company saw a nearly 60% increase in revenue compared to 2023, reaching €1.42 billion (£1.19 billion), while operating profits rose by 10% to €97.6 million.
Photo: Villeroy & Boch.
The Bathroom & Wellness Division of Villeroy & Boch generated €1.098 billion in revenue, an increase of almost 90% over the previous year. This growth was largely driven by the acquisition, which contributed €512 million. Operating profit for this division rose by 14% to €65.2 million.
The Dining & Lifestyle Division recorded €319.3 million in revenue, with a modest 3.2% increase in operating profit, reaching €32.4 million.
Over the year, the company invested €58.3 million in modernising production sites, opening a brand experience centre, and launching an outlet at its headquarters in Mettlach, Germany.
Looking ahead, the management board expects revenue to grow in the "high single-digit percentage range" in 2025, with a "modest increase" in operating profit. CEO Gabi Schupp stated that the acquisition had strengthened the company's position, confirming its complementary strengths in product portfolio, sales channels, and regional presence.
Source: www.kbbreview.com