Villeroy & Boch (VIB3) investor relations material

Executive summary

• Group revenue for the first nine months of 2025 rose 6.7% year-over-year to €1,075.2 million, driven by acquisitions, notably Ideal Standard.

• Operating EBIT increased slightly by 0.9% to €65.1 million, while group result improved 50% to €8.4 million.

• The economic environment remained uncertain, with geopolitical conflicts and higher tariffs impacting global trade and sector-specific risks.

• The sale of the Northern European Gustavsberg and Vatette brands to Oras Group was completed on 1 October 2025.

Financial highlights

• Revenue in Germany grew 4.5% to €235.2 million; abroad, revenue increased 7.3% to €840.0 million.

• Operating EBITDA rose 3.1% to €120.1 million; EBIT jumped 73.5% to €40.6 million due to improved non-operating results.

• EBT increased 76.5% to €14.3 million; group result up 50% to €8.4 million.

• Return on net operating assets declined to 9.8% from 11.2% at year-end 2024.

• Investments (excluding leasing) fell 12.6% to €27.1 million.

Outlook and guidance

• Forecast for 2025 specified: expect low single-digit percentage revenue growth, with operating EBIT and return on net assets slightly below prior year.

• Investment levels in property, plant, and equipment, and intangible assets projected to remain slightly below previous year.