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Geberit AG Earnings Release 2024
885_rns_2024-05-07_1b384d94-642f-40c4-8b09-df07f53ef9aa.html
Earnings Release
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News Details
Ad-hoc | 7 May 2024 06:59
Good results in local currencies in a continued difficult market environment
Geberit AG / Key word(s): Quarter Results
07-May-2024 / 06:59 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
The Geberit Group posted good results in a once again very challenging environment in the first quarter of 2024. A slight decline in volumes and an operating profitability that remained at a high level characterised the first three months of the year. Net sales decreased by 6.2% to CHF 837 million. Adjusted for currency effects, the decrease was 1.4%. Operating cashflow (EBITDA) reached CHF 275 million, which corresponds to a decrease in the EBITDA margin of 30 basis points to 32.8% compared to the previous year. Earnings per share fell by 9.9% to CHF 5.73.
Read more on: www.geberit.com/mediarelease . Please visit our website www.geberit.com for additional information.
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News Source: Geberit AG
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