Very convincing results in the first nine months of 2024
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Geberit AG / Key word(s): Quarter Results The Geberit Group posted very convincing results in an extremely challenging environment in the first three quarters of 2024. Despite the sharp decline in the building construction industry and unfavourable currency developments, it was possible to achieve volume growth and maintain operating profitability at a high level. In Swiss francs, net sales increased by 0.4% to CHF 2,400 million, or 3.1% in currency-adjusted terms. Operating cashflow (EBITDA) reached CHF 754 million. The EBITDA margin increased by 10 basis points to 31.4%. Earnings per share fell by 1.4% to CHF 15.13; in local currencies, however, there was an increase of 3.1% – despite a significantly higher tax rate due to the OECD minimum taxation law. For 2024 as a whole, Management expects growth of 1 to 2% in net sales in local currencies and an EBITDA margin of around 29.5%. Read more on www.geberit.com/mediarelease. Please visit our website www.geberit.com for additional information. Don't hesitate to contact us for any other inquiries. End of Inside Information |
2019549 31-Oct-2024 CET/CEST
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