Bathroom giant Villeroy & Boch Group has reported revenue of €1billion, for the first time, following its acquisition of Ideal Standard.

In the first nine months of the 2024 financial year, the Villeroy & Boch Group generated €1,007.8 million, including licence income.

The group was up €357.2million or 54.9 % on the same period of the previous year of €650.6million, with Ideal Standard contributing €364.6million to group revenue from March 1, 2024.

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In the first three quarters of 2024, EBIT (earning before interest and taxes) was €64.5million, which was 11.6 % higher than the previous year.

Net profit was €5.6million, due to acquisition-related, “one-off” financing costs, which was significantly lower than the previous year of €37.7million.

Despite the subdued development of the construction sector, the largest revenue increases were achieved in the sanitary ceramic and fittings business areas.

The Bathroom & Wellness Division generated revenue of €799.5 million in the first nine months of the financial year, an increase of 83.5 % due to the acquisition.

It generated an operating profit (EBIT) of €52.3 million in the first nine months of the 2024 financial year, an increase of 14.4 % over the previous year.

The Dining & Lifestyle Division generated revenue of € 206.2 million, down 2.9 % or €6.1 million on the previous year.

In e-commerce, sales increased slightly compared to the previous year and Villeroy & Boch reported a “stable” sales performance in the company’s own retail sales.

By contrast, sales declined in concession shops and at stationary retail partners.

The Dining & Lifestyle Division closed with an operating result (EBIT) of €12.2 million, slightly above the previous year.

In the period from January to September 2024, investments in intangible assets and property, plant and equipment totalled €31million.

Villeroy & Boch reports €26.7 million was attributed to the Bathroom & Wellness Division and €4.3 million to the Dining & Lifestyle Division.

Additions connected with the Ideal Standard acquisition, from the initial consolidation on February 29, 2024, are not included in the investment figures.

Management board of Villeroy & Boch AG continues to expect a “significant, acquisition-related” increase in revenue, operating result (EBIT) and investments.