Cookie Consent by Free Privacy Policy website 2020 financial year
febbraio 19, 2021 - Villeroy&Boch

2020 financial year

Comunicato Stampa disponibile solo in lingua originale. 

Consolidated revenue of 800.9 million, down only -3.9 % on previous year despite COVID-19 pandemic thanks, to strong revenue growth in second half of year.
Operating result (EBIT) stable year-on-year at
49.7 million thanks to high revenue in second half of year and strict cost management (previous year: 49.5 million).

Consolidated revenue: € 800.9 million

The Villeroy & Boch Group generated revenue of 800.9 million in the 2020 financial year, down by 32.4 million or 3.9 % on the previous year on account of the ongoing effects of the COVID-19 pandemic. On a constant currency basis, this revenue decline amounts to 3.2 %. The second quarter of 2020 in particular was hit very hard by the pandemic, with revenue declining by 19.0 %. Thanks to the strong revenue performance in the second half of the year, the revenue shortfall from the first half of the year was reduced from -13.4 % to -3.9 %.

Operating consolidated EBIT: € 49.7 million

Operating EBIT was stable year-on-year at 49.7 million thanks to high revenue in the second half of the year and strict cost management (previous year: 49.5 million).

Group result: € 22.9 million

The Group result for the previous year (79.4 million) also includes the non- recurring income from the real estate sale in Luxembourg. The difference between the result of the 2020 financial year of 22.9 million and the prior- year figure is mainly due to this non-recurring income.

Return on net operating assets: 14.7 %

The Group’s return on net operating assets increased by 0.7 percentage points to 14.7 % as at the end of 2020. In addition to active working capital management, which is mainly reflected in trade receivables and inventories, this was also due to a slight increase in the operating result.

Development in the divisions

The Bathroom and Wellness Division generated revenue of 539.1 million in the 2020 financial year, down by 14.9 million or 2.7 % on the previous year. The revenue deficit from the first half of the year (-9.7 %) was compensated by the good revenue performance in the second half of the year. Revenue was even increased in some countries such as Sweden (9.6 %) and #germany (8.1 %). In particular, the positive revenue development in #germany was thanks to strong growth in conventional wholesale (+7.6 %) and e-commerce business (+31.3 %). Both channels benefited from a boom triggered by the pandemic and the trend towards home renovation.

The Tableware Division generated revenue of 259.2 million in the 2020 financial year, down by 17.3 million or 6.3 % on the previous year (on a constant currency basis: -5.9 %). The second half of the year was very positive for the Tableware Division as well. The revenue shortfall from the first half of the year (-21.7 %) as a result of the global retail closures during the lockdown was reduced to -6.3 %. The biggest growth driver on almost all relevant markets was e-commerce activities (+46.6 %). The decision to focus on this growing channel, combined with greater investment in personnel, IT structures and logistics, as well as the enhanced professionalism this entailed, paid off significantly. Around 30.6 % (previous year: 19.6 %) of the Tableware Division’s total revenue across all regions is accounted for by e- commerce activities.

Orders on hand

The Villeroy & Boch Group’s orders on hand more than doubled year-on-year as at 31 December 2020 (from 44.8 million to 100.8 million). The Bathroom and Wellness Division accounted for 85.1 million (previous year: 35.3 million) and the Tableware Division for 15.7 million (previous year: 9.5 million).

Investments

At 19.9 million in total (previous year: 31.6 million), investments in property, plant and equipment and intangible assets were significantly lower in the 2020 financial year than in the previous year on account of investment restraint due to COVID-19. It had originally been planned to increase investments moderately as against the previous year.

Further information in the press release to download

News correlate

dicembre 28, 2016
settembre 26, 2016
dicembre 22, 2015

Comunicato Stampa disponibile solo in lingua originale. Easter – a great spring celebration for all the family A big Easter brunch...

Comunicato Stampa disponibile solo in lingua originale.  Cersaie is held in the autumn in Bologna and is traditionally the hig...

Comunicato Stampa disponibile solo in lingua originale.  The Bocuse d’Or is the most well-known competition in top international ...