The Management Board of Villeroy & Boch AG has raised the turnover and earnings forecasts for the full year after continued positive business development over the first half of the year. It now expects an increase in Group turnover to around EUR 885 million (previously: 5-10 per cent compared to the previous year) as well as an increase in the Group operating result from around EUR 50 million in the previous year to over EUR 75 million (previously: significantly disproportionate).
The increase in the earnings forecast is based on the higher turnover expectation and on successfully implemented structural measures in both divisions, including the transformation and efficiency program started last year.
The interim report for Q2 2021 will be published on July 20, 2021 as scheduled and will contain detailed information on the business development across both divisions.
