DGAP-News: Villeroy & Boch AG: Villeroy & Boch makes up ground in terms of revenue in strong third quarter
This means the downturn in revenue in the second quarter due to the pandemic has already been substantially recovered after nine months.
DGAP-News: Villeroy & Boch AG / Key word(s): Quarter Results/9 Month figures Villeroy & Boch AG: Villeroy & Boch makes up ground in terms of revenue in strong third quarter 20.10.2020 / 08:00 The issuer is solely responsible for the content of this announcement. Press Release
Revenue development: +6.8 % on same quarter of previous year Orders on hand more than doubled, from € 44.8 million as of 31 December 2019 to € 100.5 million as of 30 September 2020. € 80.7 million (31 December 2019: € 35.3 million) of this figure relates to the Bathroom and Wellness Division, while € 19.8 million (31 December 2019: € 9.5 million) relates to the Tableware Division. EBIT: € 10.3 million Development in the divisions The Tableware Division also enjoyed extremely encouraging development on the whole in the third quarter. Quarterly revenue increased by 8.0 % year-on-year to € 69.1 million (previous year: € 64.0 million), allowing the revenue deficit from the first half of the year due to the coronavirus (-21.7 %) to be reduced to -11.5 %. The Tableware Division closed the first nine months of the 2020 financial year with revenue of € 163.0 million (previous year: € 184.1 million). After 26.0 % in the first half of the year, the encouraging revenue growth in the Group's e-commerce activities increased further to 30.9 % as of 30 September 2020. By contrast, revenue from retail stores (-23.5 %) and project business with hotel and restaurant clients (-47.6 %) in particular was still down on the previous year due to pandemic-related factors. Investment volume in the first nine months of 2020: € 10.7 million Outlook for 2020 as a whole
20.10.2020 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: | [email protected] |
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: | 1141648 |
End of News | DGAP News Service |
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1141648 20.10.2020