The Dining & Lifestyle division generated revenue of €329.4 million in the 2022 financial year, up €16.7 million or 5.3% on the previous year.
The division significantly increased revenue with its retail outlet partners by €11.6 million, or 13%, as well as with its own retail stores, up €7.8 million or 8.3%, compared to the previous year.
In addition to this growth, the e-commerce business consolidated after Covid restrictions expired, but was still reported to be well above pre-crisis level.
The management board considers the economic position of the group to be positive. In a statement, the company said: “The Villeroy & Bock Group brought the 2022 financial year to a successful close despite the challenging environment. The revenue and EBIT targets for the 2022 financial year and the planned return on net operating assets were achieved.
“The Group expects global economic growth to be weak on the whole in 2023. The ware in Ukraine and the interest rate hikes by central banks to combat inflation are continuing to stifle economic activity. However, global inflation is expected to decline.
“Based on the expected economic environment, the goal for the 2023 financial year is to achieve organic growth in consolidated revenue of between 4% and 7%, mainly due to an increase in sales prices. The Group expects it operating EBIT to remain at the prior-year level.”