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Villeroy & Boch: Advance payment on the distributable profit

Press release -

Villeroy & Boch: Advance payment on the distributable profit

On the basis of a common exchange of opinions of the Management Board and the Supervisory Board of Villeroy & Boch AG it is sufficiently likely that the corporate bodies will resolve to pay an advance payment on the distributable profit of the financial year 2019 (advance dividend) in the amount of EUR 0.15 per ordinary share and EUR 0.20 per preference share. The formal resolutions of both corporate bodies are planned to be passed on 08 July 2020, which would then be the cut-off date for the entitlement to the advance dividend. The payment is expected to be made on 13 July 2020.

Due to legal restrictions and to the persisting uncertainty about the economic development on several markets, only a fraction of the dividend amount contained in the original dividend proposal to the Annual General Meeting will be distributed in advance.

The Annual General Meeting will resolve on the amount of the total dividend for the financial year 2019. The Management Board and the Supervisory Board will assess their dividend proposal in light of the then foreseeable business development and liquidity situation and the effects of the measures that Villeroy & Boch is undertaking to counter the consequences of the COVID-19 pandemic.

The Annual General Meeting shall be held in autumn 2020 as a virtual Annual General Meeting without the physical presence of shareholders or their proxies. The exact date will be announced in due time.

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Villeroy & Boch:

Villeroy & Boch is one of the world's leading premium brands for ceramic products. The family business, which was founded in 1748 and is headquartered in Mettlach/Germany, stands for innovation, tradition and exceptional style. As a renowned lifestyle brand, Villeroy & Boch offers products from the sectors Bathroom and Wellness and Tableware, and is active in 125 countries.

Contacts

Melanie Schnitzler

Melanie Schnitzler

Press contact Head of Corporate Communications +49 (0) 151 / 23 54 75 55
Anabell Westrich

Anabell Westrich

Press contact PR Manager Corporate Communications +49 (0) 6864 / 81 13 38
Sabine Adam

Sabine Adam

Press contact Corporate Communications +49 (0) 6864 / 81 13 69
Silke Ornau

Silke Ornau

Press contact Corporate Communications +49 (0) 6864 / 81 13 93
Lioba Wagner

Lioba Wagner

Press contact PR Manager B2C +49 (0) 6864 / 81 13 30
Simon Lauer

Simon Lauer

Press contact PR Manager Bathroom & Wellness +49 (0) 6864 / 81 27 22
Simone Struve

Simone Struve

Press contact PR Manager Kitchen & Living +49 (0) 6864 / 81 12 49
Corinne Weyrauch

Corinne Weyrauch

Press contact PR Manager Dining & Lifestyle +49 (0) 6864 / 81 27 71
Carolin Meyer

Carolin Meyer

Press contact Product PR +49 (0) 6864 / 81 25 76
Anna Strand

Anna Strand

Press contact PR Nordics
Write Away Communication

Write Away Communication

Press contact PR Australia Clara Hickey (Dining & Lifestyle) 02 9978 1400
Klartext PR

Klartext PR

Press contact PR Austria Mag. Gerhild Hofer +43 (0) 650 / 81 88 938
Talk About PR & Communicatie

Talk About PR & Communicatie

Press contact PR Belgium Natasja Gregorowitsch +31 (0) 76 581 / 54 66
Hill & Knowlton

Hill & Knowlton

Press contact PR France Marine Torresse +33 (0) 6 4665 7771
Wild Card PR

Wild Card PR

Press contact PR Great Britain villeroybath@wildcard.co.uk +44 (0) 207 / 25 76 470
DAG Communication

DAG Communication

Press contact PR Italy Elena Guzzella +39 (0) 2 89054160
Talk About PR & Communicatie

Talk About PR & Communicatie

Press contact PR Netherlands Natasja Gregorowitsch & Karen Baelde +31 (0) 76 581 54 66
Interdependence PR

Interdependence PR

Press contact PR USA Geetha Kerlin (Dining & Lifestyle) +001 (0) 917 596 0004