Mettlach, 15 March 2012 - The Management Board and the Supervisory Board of Villeroy & Boch AG today resolved to propose the distribution of a dividend for the 2011 financial year of €0.35 per ordinary share (2010: €0.15) and €0.40 per preferred share (2010: €0.20) at the General Meeting of Shareholders on 16 May 2012. This dividend proposal reflects the positive result of operations.
In the 2011 financial year, the Villeroy & Boch Group generated revenue of €743 million, an increase of 4% on the previous year’s figure of €714 million.
Operating earnings (EBIT before gains on property) climbed by 17% year-on-year to €28 million in 2011. In particular, the rise in revenue as against 2010 and the reduction of production costs contributed to the improvement in earnings. The disposal of former plant property in Lübeck-Dänischburg generated earnings of around €9 million, bringing EBIT after special income to €37 million.
Overall, the Group result after interest and taxes improved significantly to €18 million.
The full consolidated financial statements and further information on the “Bathroom and Wellness” and “Tableware” divisions of Villeroy & Boch AG will be presented and explained at the annual results press conference in Frankfurt/Main on 27 March 2012.