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Villeroy & Boch AG: Excellent business performance in first quarter - Villeroy & Boch raises revenue and earnings forecasts for 2021

DGAP-News: Villeroy & Boch AG / Key word(s): Quarter Results Villeroy & Boch AG: Excellent business performance in first quarter - Villeroy & Boch raises revenue and earnings forecasts for 2021 22.04.2021 / 08:00 The issuer is solely responsible for the content of this announcement.

Press Release
Mettlach, 22 April 2021

Interim report on the first quarter of 2021
Excellent business performance in first quarter - Villeroy & Boch raises revenue and earnings forecasts for 2021

• Consolidated revenue rises 22.4 % to € 223.3 million
• EBIT up significantly year-on-year at € 18.6 million (€ 4.3 million)
• Revenue and earnings forecasts raised considerably for 2021 as a whole thanks to positive trends in revenue and orders

Consolidated revenue: € 223.3 million
The Villeroy & Boch Group generated revenue of € 223.3 million (including licence income) in the first quarter of 2021, an increase of € 40.9 million (22.4 %) as against the same period of the previous year. On the one hand, the first quarter of the previous year was already impacted by the initial effects of the COVID-19 pandemic, while on the other the Group is currently increasingly benefiting from the trend towards home and bathroom renovation and refurbishment as people are choosing to beautify their homes.

Incoming orders increased in the first quarter of 2021, rising by € 31.2 million as against 31 December 2020 to € 132.0 million. € 108.7 million (31 December 2020: € 85.1 million) of this figure relates to the Bathroom and Wellness Division, while € 23.3 million (31 December 2020: € 15.7 million) relates to the Dining & Lifestyle Division.

EBIT: € 18.6 million
EBIT climbed to € 18.6 million (previous year: € 4.3 million) in the first quarter of 2021, mainly thanks to the increase in revenue.

Development in the divisions
The Bathroom and Wellness Division generated revenue of € 159.3 million in the first quarter of 2021 (previous year: € 125.8 million). Revenue growth was generated in all business areas. The rise in revenue of € 33.5 million mainly took place in ceramic sanitary ware (€ +20.3 million) and the wellness business area (€ +6.1 million). The Bathroom and Wellness Division began the current financial year with EBIT of € 16.6 million (previous year: € 8.7 million) thanks to strong revenue in the first quarter.