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Geberit AG Earnings Release 2023
885_rns_2024-01-17_530702bc-3ef3-443b-bff5-43d711b5b4b3.html
Earnings Release
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News Details
Ad-hoc | 17 January 2024 07:00
Sales growth in the fourth quarter
Geberit AG / Key word(s): Annual Results
17-Jan-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
In an extraordinarily difficult environment with a declining building construction industry in Europe, the Geberit Group recorded a currency-adjusted decline in net sales of 4.8% in 2023. Net sales in Swiss francs decreased by 9.1% to CHF 3,084 million. Despite the decline in sales, Management expects an EBITDA margin of 30% for full-year 2023. The financial statements and annual report for 2023 will be released on 13 March 2024.
Read more on: www.geberit.com/mediarelease . Please visit our website www.geberit.com for additional information.
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