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Geberit AG — Earnings Release 2024
May 7, 2024
885_rns_2024-05-07_41f5a558-5d96-497a-b29f-215985219598.html
Earnings Release
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Ad hoc announcement pursuant to Art. 53 LR
Geberit AG / Key word(s): Quarter Results
Good results in local currencies in a continued difficult market environment
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
End of Inside Information
1896945 07-May-2024 CET/CEST