Thriving Success Amidst a Steep Market Downturn

• Geberit AG faced a challenging year due to a decline in the building construction industry in Europe and a shift in demand from sanitary to heating solutions.
• Despite the difficult market environment, the company's operating margins were significantly higher compared to the previous year.
• This was primarily due to operational flexibility, a significant fall in energy prices, and consistent price management.
• In 2023, Geberit's net sales decreased by 9.1% to CHF 3,084 million, but operating cashflow (EBITDA) increased by 1.4% to CHF 921 million.
• Net income decreased by 12.6% to CHF 617 million, and earnings per share fell by 10.2% to CHF 18.39.
• Despite the challenges, the company managed to consolidate its position as a leading supplier of sanitary products and gain market shares.

The next important date, Quarterly report, at Geberit is on 13.03.2024.

Geberit

+0,69 %

+2,04 %

-6,75 %

-4,98 %

-0,82 %

-8,65 %

+37,11 %

+110,58 %

+1.025,80 %

ISIN:CH0030170408WKN:A0MQWG

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