Villeroy & Boch AG Sees Growth with Ideal Standard Integration

Villeroy & Boch AG has reported significant financial growth in Q1 2025, driven by the integration of Ideal Standard. Consolidated sales for the period reached EUR 369.1 million, marking a 33.2% increase from the previous year's EUR 277.1 million. This surge is attributed to contributions from acquired companies of Ideal Standard, recorded since March 2024.

The order intake for V&B rose, with the order backlog increasing by EUR 23.1 million, totaling EUR 195.1 million by the end of Q1. The Bad & Wellness segment experienced an order backlog growth to EUR 156.2 million, while the Dining & Lifestyle segment reached EUR 38.9 million, boosted by preliminary Christmas orders.

The company's operating EBIT improved by 4.3% year-on-year, reaching EUR 24.1 million, with operating EBITDA up 20% to EUR 42.6 million. Liquidity stands strong at EUR 74.8 million. V&B maintains its forecast for revenue growth in the high single-digit percentage range for 2025 and reiterates Quirin Privatbank's target price of EUR 34.50 and BUY recommendation.