Villeroy & Boch Achieves Record Growth in 2024 with Ideal Standard Integration

The Villeroy & Boch Group reported significant growth for the 2024 financial year, with revenue reaching €1.421 billion, a 57.6% increase from the previous year. This surge is attributed mainly to the acquisition of Ideal Standard in March 2024, which played a crucial role in boosting the company's performance despite challenging market conditions. Operating EBIT improved by 10%, reaching €97.6 million.

The integration of Ideal Standard has been focal, allowing the group to optimize its organizational structure and realize synergy effects. CEO Gabi Schupp noted the complementary strengths in product offerings and regional reach, enhancing competitiveness.

The Bathroom & Wellness Division saw substantial growth, with revenue rising by 89.7% to €1,098.9 million, largely driven by acquisitions. Despite a muted construction sector, sales exceeded previous levels after adjustments.

Meanwhile, the Dining & Lifestyle Division maintained stable revenue at €319.3 million, despite difficult economic conditions, with growth in e-commerce and project business offsetting declines in brick-and-mortar sales.

Looking ahead, Villeroy & Boch forecasts continued revenue growth and a moderate EBIT increase for 2025, supported by a strong brand portfolio and strategic positioning.