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Villeroy & Boch AG (VIB3.F)

Frankfurt - Frankfurt Delayed price. Currency in EUR
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17.40-0.25 (-1.42%)
At close: 8:01AM CEST
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Previous close17.65
Open17.40
Bid0.00 x 35200
Ask0.00 x 31200
Day's range17.40 - 17.40
52-week range10.95 - 17.90
Volume200
Avg. volume322
Market cap458.177M
Beta (5Y monthly)0.97
PE ratio (TTM)20.33
EPS (TTM)0.86
Earnings date18 Jul 2019
Forward dividend & yield0.55 (3.11%)
Ex-dividend date29 Mar 2021
1y target est19.67
  • SunOpta Announces First Quarter Fiscal 2021 Financial Results
    Business Wire

    SunOpta Announces First Quarter Fiscal 2021 Financial Results

    SunOpta Inc. ("SunOpta" or the "Company") (Nasdaq:STKL) (TSX:SOY), a leading healthy food and beverage company focused on plant-based foods and beverages and fruit-based foods and beverages, today announced financial results for the first quarter ended April 3, 2021.

  • EQS Group

    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 Results22.04.2021 / 08:00 The issuer is solely responsible for the content of this announcement. Press ReleaseMettlach, 22 April 2021Interim 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 ordersConsolidated 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 divisionsThe 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.The first quarter of 2021 was highly positive for the Dining & Lifestyle Division as well. The division generated revenue of € 63.3 million (previous year: € 56.0 million), € 7.3 million higher than in the previous year, though the comparative period was already being affected by the far-reaching closure of retail stores on account of the COVID-19 crisis from the middle of March 2020. The biggest growth driver on almost all relevant markets was e-commerce activities (€ +12.1 million). An increase in revenue of € 5.3 million was generated with retail outlet partners. The Dining & Lifestyle Division ended the quarter with operating EBIT of € 2.0 million, up € 6.4 million year-on-year. This was mainly thanks to the increase in revenue and the savings at the retail stores affected by the lockdown measures.InvestmentsThe Villeroy & Boch Group invested € 3.7 million in property, plant and equipment and intangible assets in the first quarter of 2021 (previous year: € 3.5 million). The Bathroom and Wellness Division accounted for € 2.7 million, with the remaining € 1.0 million attributable to the Dining & Lifestyle Division. In the Bathroom and Wellness Division, new facilities were acquired for the sanitary ware plants in Hungary and France, as were tools for ViClean production. Investment in the Dining & Lifestyle Division essentially included the maintenance and modernisation of the logistics centre in Merzig, new acquisitions of pressing tools and the energy optimisation of a kiln.Outlook for 2021 as a wholeThe recovery of the global economy is expected to accelerate over the course of 2021 as infection risks diminish and more progress is made with vaccinations. The strength of the economic recovery is expected to vary considerably from country to country. On the basis of the extremely good performance in the first quarter of 2021 and the high order levels in both divisions, the forecast for consolidated revenue and operating earnings has been raised for the year as a whole. Under the current economic circumstances, an increase in revenue of between 5 % and 10 % (previously: 3 % to 5 %) and very strong growth in the operating Group result are projected. In the second half of the year in particular, revenue momentum is expected to slow as compared to the previous year, which had been characterised by catch-up effects.The Management Board of Villeroy & Boch AG considers the economic position of the Group to be positive on the whole. "We have had an extraordinarily strong start to 2021. Business performance in the first quarter has been outstanding. Demand for our products has increased significantly. We are currently benefiting especially from the trend towards home renovation and refurbishment," said Frank Göring, CEO of the Villeroy & Boch Group.Please find the complete Interim Report as a PDF-file for download here:http://www.villeroyboch-group.com/en/investor-relations/publikationen.htmlContact:Katrin MayHead of PRTel: +49 (0)6864 81-2714E-Mail: may.katrin@villeroy-boch.comAnabell WestrichCorporate CommunicationsTel: +49 (0)6864 81-1338E-Mail: westrich.anabell@villeroy-boch.com 22.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Villeroy & Boch AG Saaruferstraße 1-3 66693 Mettlach Germany Phone: +49 (0)6864 81-0 E-mail: information@villeroy-boch.com 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: 1187371 End of News DGAP News Service

  • EQS Group

    Villeroy & Boch AG: 2020 financial year: Consolidated revenue of € 800.9 million, down only -3.9 % on previous year despite COVID-19 pandemic

    DGAP-News: Villeroy & Boch AG / Key word(s): Annual Results17.02.2021 / 10:00 The issuer is solely responsible for the content of this announcement.Consolidated revenue: € 800.9 millionThe 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 millionOperating 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 divisionsThe 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 handThe 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).InvestmentsAt € 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.DividendAt the General Meeting of Shareholders on 26 March 2021, the Supervisory Board and the Management Board will propose that the unappropriated surplus of Villeroy & Boch AG be used to distribute a dividend of € 0.55 per preference share and € 0.50 per ordinary share.Assessment of the company's positionThe 2020 business year was marked by the COVID-19 crisis and the associated economic slump. Overall, the Management Board considers the economic situation of the Group to be satisfactory. "After a very difficult first half of 2020, our business developed much better than expected in the second half of the year. In combination with our strict cost management, we have thus achieved an exceptionally good result at the previous year's level, even in the pandemic," explains Frank Göring, CEO of Villeroy & Boch AG.The forecast for 2021 as a whole is based on the assumption of a significant and tangible recovery of the world economy despite the setback at the start of the year. On the basis of this positive market assessment with a number of supporting factors, the Group is aiming for a return to the growth path in the 2021 financial year with an increase in consolidated sales of between 3 % and 5 %. Operating EBIT is expected to improve by presumably 5 % to 10 % in 2021. This means that the level of 2019 would already be exceeded in the current year in terms of both turnover and earnings.Contact: Katrin MayHead of PRPhone: +49 (6864) 81-2714E-Mail: may.katrin@villeroy-boch.comAnabell WestrichManager Corporate CommunicationsPhone: +49 (6864) 81-1338E-Mail: westrich.anabell@villeroy-boch.com17.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Villeroy & Boch AG Saaruferstraße 1-3 66693 Mettlach Germany Phone: +49 (0)6864 81-0 E-mail: information@villeroy-boch.com 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: 1168731 End of News DGAP News Service