Villeroy & Boch AG 2023 AR2
The report highlights Villeroy & Boch's performance in the 2023 financial year, during which the company successfully navigated a challenging economic environment and a downturn in the European construction industry. Despite a 7.5% decline in consolidated revenue on a constant currency basis to €901.9 million, the company improved its EBIT margin to 9.9%, generating an EBIT of €89.0 million. The company also progressed with its strategic acquisition of the Ideal Standard Group, which is expected to close in early 2024. Additionally, Villeroy & Boch continued to invest in research and development, focusing on decarbonization, energy efficiency, and the digital transformation of its production processes.
Company: Villeroy & Boch AG
Sector: Manufacturing
Country: Germany
Year: 2023
Type: AR2
Pages: 151
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Villeroy & Boch AG
Annual Report
The report highlights Villeroy & Boch's performance in the 2023 financial year, during which the company successfully navigated a challenging economic environment and a downturn in the European construction industry. Despite a 7.5% decline in consolidated revenue on a constant currency basis to €901.9 million, the company improved its EBIT margin to 9.9%, generating an EBIT of €89.0 million. The company also progressed with its strategic acquisition of the Ideal Standard Group, which is expected to close in early 2024. Additionally, Villeroy & Boch continued to invest in research and development, focusing on decarbonization, energy efficiency, and the digital transformation of its production processes.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
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