iVIGA Tap Factory Supplier
Vao haingana, Villeroy & Boch disclosed its performance report for fiscal year 2023. In fiscal year 2023, Villeroy & Boch’s consolidated sales were 901.9 tapitrisa euros, ny fihenan'ny isan-taona amin'ny 9.3%. Namboarina ho an'ny vokatry ny vola, nianjera izany 7.5%. EBIT increased by 9.9% isan-taona ho 89 tapitrisa euros.
Revenue from the franchise business was €4.8 million, slightly higher than the previous year (€4.4 million). In the key EMEA region (Eoropa, Moyen Orient sy Afrika), nilatsaka ny varotra 11.3%.
Germany was particularly affected, miaraka amin'ny a 13.0% fitontonganan'ny. In the APAC (Azia Pasifika) and Americas regions, there was a slight decline of 1.2%. Sales in the Asia-Pacific region increased by 2.9%, mainly due to good project business, which made up for the decline in sales in the Americas region.
In fiscal year 2023, mainly affected by economic factors, both Villeroy & Boch’s two major business segments declined.
Revenues in the Bathroom & Wellness segment fell by 10.0% at constant exchange rates compared to the previous year.
Nominal revenue was €579.4 million, €82.5 million lower than the previous year. This is mainly due to the slowdown in the construction industry in Europe. Sales of sanitary ceramics fell by €47.4 million, na 11.5%.
Currency-adjusted sales in the Restaurants & Lifestyle segment were down only slightly, 2.4%, from the previous fiscal year. Nominal sales were €319.3 million, €10.1 million lower than the previous year. In terms of sales development, the project business in the Hotels and Catering Industry, which was mainly concentrated in the high-end market, increased sales by €1.2 million or 3.6%. Owned channels (direct stores and e-commerce) nitombo tamin'ny 3.7% raha oharina tamin’ny taona lasa.
Investments in property, plant and equipment and intangible assets totaled €41 million in fiscal 2023 (taona lasa: €36.7 million). 54% of these investments were made in Germany (taona lasa: 57%). The sanitary and wellness division accounted for the majority of investment expenditure, amounting to 29.6 tapitrisa euros, na 72.2%. Investments focus on modernizing and automating production in factories in Germany and abroad, especially ceramic factories in Hungary and Romania.
In Hungary, a new solar power plant was also invested in. The Catering & Lifestyle division invested €11.4 million, Kaonty ho an'ny 27.8% of the total investment.
Looking forward to 2024, Villeroy & Boch expects that the weak economic conditions of the past year will continue in 2024. Interest rate policies implemented by central banks to combat inflation will continue to suppress economic activity. na izany aza, global inflation is expected to fall further.
Mandritra izany fotoana izany, economic growth in the German domestic market is expected to be very low. Weakening U.S. economic growth momentum is expected to lead to a slowdown in the global economy. and have an impact on the Asia-Pacific and Americas regions. Ankoatry ny, the escalation of trade disputes cannot be ruled out. Regional tensions have increased.
