The company reported that Villeroy & Boch’s Tableware Division generated revenue of €125.8 million in the reporting period from January to June 2013, and was therefore up €7.9 million or 6.7 % on the previous year. This positive development was driven in particular by the revenue growth of 18 % in Germany. Reasons for this included the good performance of new products such as “Mariefleur Gris” and “Cooking Elements”, the successful intensification of promotional and impulse business, and the opening of additional retail stores. Outside Germany, the markets of Eastern Europe (+24.3 %), Russia (+22.2 %), Switzerland (+12.6 %), Austria (+10.4 %) and the UK (+6.8 %) saw particularly strong revenue growth. The downturns in the first quarter of the current year were more than offset in Italy (+1.6 %) and almost offset in Spain (-0.7 %) in the second quarter. Lower revenue was recorded in Australia (-4.0 %) and France (-2.7 %).
The company results showed what the company reported to be inconsistent development throughout the global economy in the first half of 2013. While there was a slight upturn in Asia, the United States and Germany, economic development in the euro zone markets that are important to Villeroy & Boch continued to deteriorate as a result of the unresolved sovereign debt crisis and the associated uncertainty concerning the financial policy of the countries affected. In Central Europe, the impact of adverse weather conditions also led to a slump in construction activity and a further slowdown in employment.
To read the entire company release, go here:
http://www.villeroy-boch.com/en/us/home/the-company/press/press-releases/latest-news/single-news.html?tx_ttnews%5Btt_news%5D=3031&cHash=99ba16830d0d3f6f72abca46888e1f6c
To learn more about the wide array of products that Villeroy & Boch has for the hotel and restaurant industry, go here:
http://www.villeroy-boch.com/en/us/hotel-restaurant.html
