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Interviews

19

It is a part of the social change that for many – especially

younger – consumers the significance of dishes, cutlery-

ware and glasses decreased compared with 40 years

ago. If you have the possibility to buy a coffee cup for 1

Euro at IKEA, you in an early age will not buy it from us

for 25 Euro. The worth assigned to this product some

decades ago, is now switched to maybe smartphones

or long-distance travels. There is no longer a separation

between everyday-life tableware and dishes for special

occasions, wedding-lists at the porcelain shop have been

outdated as well as the hope chest. In times of change

concerning this social transformation, China entered the

World Trade Organization WTO at the end of 2001.

In the sequel, the Europeanmarketwas floatedby cheap-

products of China. We are taking this development into

account in making single products more attractive.

Exaggerated, we are not concentrated on selling a set of

tableware for 12 persons on the one hand, but we have

smaller sets for e. g. 4 persons on special offer or single

articles which are suited for supplements to existing

dishes respectively cutlery or as a gift. On the other

hand with such offers, we are in line with food trends.

To which market segment do you assign the Villeroy-

products?

We see ourselves as a premium supplier, but are

affordable to the quality-conscious household.

Villeroy & Boch Group

Sales

in million Euro

2014

2015

766

804

Gross Margin

in million Euro

2014

2015

341

361

Operating Profit*

in million Euro

2014

2015

38

42

Net Profit after Taxes

in million Euro

2014

2015

24

27

*Operating Profit before interest and taxes, adjusted for special

effects

Key Figures

Operating Cash-Flow

in million Euro

2014

2015

51

34

Sales and Ebit*

Market Capitalization

(preferred shares only)

Status March 11, 2016

189 million Euro

Source: Company, Thomson Reuters

Table

(among others tableware,

glasses, cutlery

collections)

2015 in million Euro

Bath and Wellness

(among others washbasins,

bath- & shower-trays, toilets,

Bathroom fittings &

fixtures)

Villeroy & Boch Group

497

307

Sales

Ebit*

33

9