Villeroy & Boch successfully continues Ideal Standard integration

Group increases revenue by 33.2% in the first quarter of 2025 due to acquisition

Following the acquisition of Ideal Standard, Villeroy & Boch is on track with its growth strategy which aims to broaden the Group's position in international markets, distribution channels and product categories. In the first quarter of 2025, Group revenue rose by 33.2% to €369.1 million largely due to the acquisition. Significant revenue growth was recorded in the EMEA region (Europe, Middle East, Africa). The fittings business, in particular, made a strong contribution to revenue development. Overall, the company managed to improve its operating EBIT by 4.3% year-on-year to €24.1 million. This confirms the forecast for the full year 2025 as outlined in the annual financial statements.

Group continues to benefit from Ideal Standard integration

The Villeroy & Boch Group continued its stable economic development in the first three months of the financial year. The strategic realignment of the Group, initiated with the Ideal Standard integration, is proving successful.

"The business performance in the first quarter of 2025 confirms that the acquisition of Ideal Standard was the right strategic choice. The new Villeroy & Boch Group has expanded its market position in the project-business-driven growth markets in the Near Middle East, as well as in core Europe. The newly gained strength in the fittings business is having a positive impact on our business," explains CEO Gabi Schupp. "We have a broader international footprint and are therefore less dependent on the economic development of individual markets. This makes our business model more resilient and robust."

Increase in sales in the strategic business segments of Bathroom & Wellness

The Bathroom & Wellness Division generated sales of €295.5 million in the first quarter of 2025, up 44.8% on the previous year. The strongest growth was achieved in the strategic business areas of fittings (€+44.8 million) and sanitary ware (€+30.8 million). There were also positive developments in the European and Near Middle East markets, which are strongly driven by the project business. The Bathroom & Wellness Division closed the first quarter of 2025 with an operating profit (EBIT) of €20.0 million, up 14.9% on the previous year.

Increased sales in Dining & Lifestyle

The Dining & Lifestyle Division generated €72.9 million in revenue in the first quarter of 2025, which was slightly higher than in the previous year (€72.3 million). The positive sales development in the project business, with a sales increase of €3.5 million or 41.2%, and with brick & mortar retail partners (€3.1 million or 15.3%) contributed significantly to this. The Dining & Lifestyle Division closed with an operating result (EBIT) of €4.1 million, which was below the previous year due to a special licence income in 2024.

Investments in the first quarter of 2025

In the first quarter of 2025, the Villeroy & Boch Group invested a total of €6.5 million in property, plant and equipment, as well as intangible assets. The main focus for both business divisions was the modernisation of production processes, particularly at the production sites in Germany, Egypt, Bulgaria and Thailand.

Outlook for the full year 2025

The Villeroy & Boch Group started 2025 with a strong order book. Compared with 31 December 2024, order intake in the first quarter of 2025 led to an overall increase in incoming orders of €23.1 million to €195.1 million. This was mainly due to market-relevant new product launches in both business divisions, which were successfully presented at the two leading trade fairs, Ambiente and ISH, in the first quarter. Based on the business performance in the first quarter of 2025, the Management Board of Villeroy & Boch AG reaffirms its forecast for the full year 2025.