Revenue growth for Arbonia in financial year 2018
- Net revenue incl. Vasco Group (consolidated as of 1 June 2018) of CHF 1374.0 million (+10.3% in comparison to the previous year)
- 5.2% growth when adjusted for acquisition effects
- 2.5% growth when adjusted for currency and acquisition effects
Arbon, 22 January 2019 – In 2018, Arbonia recorded a net revenue of CHF 1374.0 million, equating to growth of 10.3% in comparison to the previous year (CHF 1245.6 million). When adjusted for acquisition effects, growth amounted to 5.2% and when adjusted for currency and acquisition effects to 2.5%.
This revenue development varied across the divisions. The Heating, Ventilation and Air-Conditioning (HVAC) Division saw especially pleasing developments, recording an increase in revenue of 8.2% when adjusted for acquisition effects and 5.0% when adjusted for currency and acquisition effects. However, the Sanitary Equipment Division suffered from shrinking effects due to excessive retail concentration of the Kermi and Koralle brands in Germany as well as aggravated market conditions in France. In all divisions and regions, both in the installation and production sectors, the prevailing shortage of skilled workers had an inhibitory effect. In the first half of 2018, the HVAC Division benefited from pull-forward effects in Russia due to new regulations regarding sheet thickness.
In the reporting year, Arbonia took an active part in the European market consolidation process in the area of design and steel panel radiators by acquiring the Belgian company Vasco Group for its HVAC Division. The acquisition will expand its geographical footprint and strengthen the division's range of products in the areas of residential ventilation and floor heating.
Press release (pdf.)
Key figures (pdf.)