Villeroy & Boch AG

  • WKN: 765723
  • ISIN: DE0007657231
  • Land: Germany

Nachricht vom 09.10.2020 | 15:15

Villeroy & Boch AG: Villeroy & Boch raises the forecast for the financial year 2020

Villeroy & Boch AG / Key word(s): Change in Forecast
Villeroy & Boch AG: Villeroy & Boch raises the forecast for the financial year 2020

09-Oct-2020 / 15:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Villeroy & Boch raises the forecast for the financial year 2020

Mettlach, 09.10.2020 - In view of the recovery of the business in the summer months, the Management Board of Villeroy & Boch AG has today significantly raised its forecast for the financial year 2020. It now expects an operating result (EBIT) of € 30 - 35 million. The previously communicated target was to compensate for the losses of the 1st half of the financial year caused by the COVID-19 pandemic in the 2nd half and to achieve a positive operating result. Thanks to stringent cost management since the beginning of the COVID 19 pandemic and a significantly improved sales performance in the 3rd quarter, which was even higher than in the previous year, this target was achieved earlier than planned.

The Management Board expects the positive sales trend to continue in the traditionally strong 4th quarter and to be able to close the fiscal year with total sales revenues of at most 6% below the previous year.
 
The new forecast is based on the assumption that there will be no further significant measures by governments to contain the pandemic and associated negative effects on the economy.
 
Taking into account the positive business development in the 3rd quarter of 2020 and the continued high net liquidity, the Management Board and the Supervisory Board have decided to propose to the Annual General Meeting on 30 October 2020 a total dividend of € 0.55 per preferred share and EUR 0.50 per common share for fiscal year 2019, less the already paid advance payment on the distributable profits of EUR 0.20 per preferred share and EUR 0.15 per ordinary share, i.e. a further dividend payment of EUR 0.35 per share.
 
Note: The interim report for the third quarter of 2020 will be published as scheduled on 20 October 2020 and will contain detailed information on business performance in both divisions.


Contact:     
         

Katrin May
Head of PR
Tel.: +49 (0) 68 64 - 81 27 14
E-Mail: may.katrin@villeroy-boch.com
 
Susanne Reiter
Head of Corporate Treasury and Investor Relations
Tel.:  +49 (0) 68 64 81 12 27
E-Mail: reiter.susanne@villeroy-boch.com

 

09-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

ESG-Whitepaper im Fokus

The Corporate ESG Guide: A 360 view on the current landscape and trends

Die ESG-Kriterien (Environmental, Social and Governance) werden auch für Emittenten immer wichtiger, wenn sie für Investoren attraktiv bleiben wollen. In dem Whitepaper “The Corporate ESG Guide: A 360 view on the current landscape and trends” beantworten die Experten von Investor Update grundlegende Fragen von Emittenten. Außerdem kommen Vermögensverwalter, Unternehmensberater Manager und ESG-Ratingagenturen zu wichtigen ESG-Themen zu Wort.

GBC-Fokusbox

"GBC Best of m:access 2020": Neue vielversprechende Auswahl

Unsere letztjährige „GBC Best of m:access“-Auswahl hat sich mit einer Performance von über 50 % überdurchschnittlich stark entwickelt und alle relevanten Indizes hinter sich gelassen. Im Rahmen der vorliegenden aktualisierten Studie präsentieren wir Ihnen eine in Teilen neu zusammengesetzte Selektion, die weiterhin 15 Unternehmen umfasst. Die aktuellen Einschätzungen zu den Einzeltiteln und auch weitere Informationen zur Entwicklung des m:access sind in der vollständigen Studie „GBC Best of m:access 2020“ enthalten.

Aktuelle Research-Studie

EQS Group AG

Original-Research: EQS Group AG (von GSC Research GmbH): Verkaufen

27. November 2020