Villeroy Boch 2021 Profit Nearly Doubles To 31-Year High

Villeroy Boch 2021 Profit Nearly Doubles To 31-Year High

Villeroy Boch released its annual report on February 17, Berlin time in Germany. Benefiting from the excellent performance of its two divisions, Neeg nyob ze & Boch’s sales rose 18 percent to €945 million in 2021, above the previous estimate of €920 million. Villeroy Boch said that such a result is still a significant improvement even compared to 2019, before the outbreak. This reflects a significant improvement in the company’s performance. Looking ahead to 2022, Villeroy Boch expects full-year sales to increase by 5% rau 6% and profit to increase by 5% rau 10%.

Hauv 2021, It Will Have Sales Of Approximately $6.8 Billion And

EBITDA At Record High Since IPO

According to Villeroy & Boch’s 2021 Daim Ntawv Tshaj Qhia Txhua Xyoo, last year Villeroy Boch achieved sales of 945 lab euros (txog 6.8 billion yuan), nce ntxiv 18 percent year-on-year. This significantly exceeded the level of the same period in 2019 before the outbreak. Its operating EBIT of €93 million nearly doubled from a year earlier (€50 million in the previous year) and was the highest level since the company went public in 1990. Neeg nyob ze & Boch noted that this result was due to the company’s effective initiatives to streamline its corporate structure and reduce operational complexity, in addition to sales growth.

Los ntawm thaj av, Neeg nyob ze & Boch achieved sales growth in all major markets worldwide, benefiting from the growing trend in demand for home and bathroom renovations and the early deployment of its online sales business. Neeg nyob ze & Boch mentioned that its main markets are Central Europe, the Middle East and China, where it has signed partnership agreements with several high-class hotels, significantly increasing its presence in the Chinese market.

Ntxiv rau, Neeg nyob ze & Boch’s sales in the EMEA region grew by 17.2% hauv 2021, with the largest growth rate in the Middle East, where Villeroy & Boch is involved in several revitalization projects that have significantly boosted sales growth.

With Sales Of Approximately $4.5 Plhom, The Bathroom & Wellness Division

It Has 11 Sanitary Ceramics Plants

Neeg nyob ze & Boch has a bathroom and wellness division, as well as a restaurant and lifestyle, division. Both divisions achieved double-digit sales growth in the past year.

The Bathroom & Wellness division will generate sales of €629 million (kwv yees li RMB 4.5 billion) hauv 2021, an increase of €90 million or 16.8% piv rau lub xyoo dhau los. The division achieved growth in all major markets worldwide, with the exception of the U.S. kiab khw. Ntawm qhov tod tes, the Food & Beverage & Lifestyle division posted sales of €313 million (kwv yees li RMB 2.3 billion) hauv 2021, nce ntxiv 20.6% from the previous year. It achieved growth in all markets worldwide.

According to the financial report, Neeg nyob ze & Boch’s orders rose by €86 million to €187 million as of December 31, 2021, compared to the same period of the previous year. The Bathroom & Wellness segment accounted for 165 lab euros (piv rau 85 million euros the previous year) and the Food & Beverage & Lifestyle segment accounted for 22 lab euros (piv rau 0.16 euros the previous year).

Neeg nyob ze & Boch said it invested €33 million in property, plant and production equipment in the past year, up from €20 million in the previous year. Of this amount, €25 million was spent on the Bathroom & Wellness division and €08 million on the Food & Beverage & Living division, account rau 76.5% thiab 23.5%, raws li tau hais lawm.

Neeg nyob ze & Boch revealed in its earnings report that it has 13 production sites in Europe and Asia. Its Asian production site is located in the Saraburi region of Thailand. Of these production sites, 11 are mainly used for the production of sanitary ceramics, while tableware and everyday household products are manufactured at two sites in Germany, Merzig and Torgau. The announcement shows that Villeroy & Boch will employ 6,907 people worldwide as of December 2021, ib qho kev txo qis 200 people from the end of 2020. This is mainly due to the operational changes implemented by Villeroy & Boch to improve the efficiency of its operations.

Pinsent Masons Has Been Making A Lot Of Moves In The Last Year And

It Expects To Grow Revenues By More Than 5% Hauv 2022

In the past year, Villeroy Boch has made a number of product and marketing initiatives, with key new product launches in both Villeroy & Boch divisions, such as the SUBWAY 3.0 and Antis collections in the Bathroom Wellness division, and the Lave Home collection in the Food & Beverage Lifestyle division, with the SUBWAY 3.0 collection winning The SUBWAY 3.0 series has won several international awards, including the Red Dot Design Award and the German Design Award.

Lub Tsib Hlis xyoo tas los, Villeroy Boch also presented new products and technologies such as Poggenpohl-IH, Sky, Mettlach, Kono and Twin Spin Flush at the 26th China International Kitchen & Sanitary Facilities Exhibition (Shanghai Kitchen & Sanitary Fair), and released the new brand statement “Make Home, Be Home”.

Txij thaum Lub Kaum Hli, Villeroy Boch has been promoting its brand in China by means of a mobile exhibition truck, with the first stop in Beijing, followed by Jiangsu, Zhejiang and Shanghai. Visitors will be able to shop for Villeroy Boch products directly at the event, and will also be able to book a Villeroy & Boch home visit, reflecting the importance attached to the Chinese market.

Looking ahead to 2022, Neeg nyob ze & Boch expects the global economy to recover, but at the same time emphasizes the ongoing supply shortages and the associated price increases for raw materials, packaging materials and energy. These will have a significant impact on the company’s operations in 2022, while the recurrence of the new crown epidemic could also cause new disruptions. Based on an assessment of market fundamentals and a range of supporting factors, Neeg nyob ze & Boch expects consolidated revenues to increase by 5% rau 6% and EBITDA to increase by 5% rau 10% hauv 2022.