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Germany's Villeroy & Boch nine-month revenue falls 11.1%

By Reuters News


Overview

  • Germany ceramics maker's nine-month revenue fell 11.1% yr/yr, impacted by divestments and currency effects

  • Operating EBIT for nine months declined yr/yr, reflecting divestments and market headwinds

  • Company confirmed adjusted full-year forecast despite volatile market environment


Outlook

  • Villeroy & Boch expects 2026 revenue to decline in the higher single-digit percentage range

  • Company forecasts 2026 operating EBIT between €50 mln and €56 mln

  • Villeroy & Boch sees 2026 return on net operating assets at 5.5% to 6.5%


Result Drivers

  • GEOPOLITICAL TENSIONS AND WEAK CONSTRUCTION - Co said revenue in Bathroom & Wellness division was hit by geopolitical tensions and weak construction activity, especially in EMEA and APAC/Americas

  • E-COMMERCE AND NEW PRODUCTS - Dining & Lifestyle division revenue growth driven by e-commerce and new products, per division director

  • ORDER BOOK INCREASE - Co said orders on hand rose, providing foundation for future quarters


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

EUR 956.20 mln

9M EBIT

EUR 40.90 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

  • Wall Street's median 12-month price target for Villeroy & Boch AG is €20.75, about 82% above its October 26 closing price of €11.40

  • The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago


Reuters Recommended Reads

  • Oct 26 - Germany's EDAG Engineering prelim 9M revenue falls on automotive customer restructuring, cuts FY26 outlook

  • Oct 27 - Beiersdorf Q3 sales growth slightly misses expectations as Nivea weighs

  • Oct 26 - German business sentiment rises for the sixth consecutive month, Ifo says


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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