Villeroy & Boch holds its own in a challenging market environment

Revenue up 6.7% year-on-year to €1,075.2 million

In the current challenging market environment, the Villeroy & Boch Group recorded growth effects in the first nine months of the 2025 financial year as a result of the Ideal Standard acquisition. Despite general restraint in consumer spending and investment, the Group was able to increase sales by 6.7% to €1,075.2 million. Operating EBIT rose to €65.1 million, slightly above the previous year's level. Driven by the strategic realignment of the Group, growth was particularly strong in the EMEA region (Europe, Middle East, Africa) and in the fittings and shower systems business.

Satisfactory development despite weak global economy

The first nine months of the financial year were marked by a difficult 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.”

EMEA region as growth driver for Bathroom & Wellness

In the first nine months of the 2025 financial year, the Bathroom & Wellness division increased its sales by 8.3% to €865.6 million due to acquisitions. The two strategic business areas – fittings and shower systems with a growth of €37.9 million, and sanitary ceramics and kitchens with an increase of €21.7 million – made a decisive contribution to this. The new ALU+ and Antao products and the i.life and Architectura collections were well received by the market. From a regional perspective, EMEA (Europe, Middle East, Africa) recorded strong growth of 13.4%, while the Asia-Pacific and Americas regions saw a decline in sales of 26.9%. Overall, the Bathroom & Wellness division succeeded in achieving operating EBIT of €52.5 million in the third quarter of 2025, in line with the previous year.

Dining & Lifestyle slightly above previous year's level

The Dining & Lifestyle division generated sales of €207.6 million in the first nine months of the 2025 financial year. It is particularly pleasing that sales in the pure product business, excluding licensing income, increased by 2.0% to €207.0 million. Particularly strong growth was achieved in the business with stationary retail partners (+11.0%) and in the project business for upscale hotels and restaurants (+8.9%). The Dining & Lifestyle division closed with an operating profit (EBIT) of €12.6 million, up 3.3% on the previous year.

Outlook for the full year 2025

The market environment remains highly uncertain. As a result of the continued slow economic recovery in the core markets, the Management Board of Villeroy & Boch AG is adjusting its forecast for the 2025 financial year: consolidated sales are expected to increase in the low single-digit percentage range, while operating EBIT and rolling operating return on net assets are expected to be slightly below the previous year's figures. Investments in property, plant and equipment and intangible assets are expected to remain slightly below the previous year.