Geberit

The Swiss group reported an increase in net sales to CHF 2.4 billion in the first three quarters of the year.

After currency adjustments, the Swiss group reported a 7.9% decline in volumes and a 4% increase in EBITDA for the first nine months of 2023.

The Swiss group’s net sales fell by 9.2%, largely due to the contraction in European markets. Margins are recovering.

The Swiss multinational’s net sales decreased by 8.9% in Q1 2023 but EBITDA margin increased by 220 basis points to 33.1%.

The Swiss sanitaryware group reported a 2% decline in net sales but maintained its solid financial foundations.

The Swiss group’s net sales increased by 1.4% from January to September 2022. The growth rate slowed due to the decline in the third quarter.

The Swiss group’s sales from January to March grew by 7.8% compared to the first quarter of 2021 to reach CHF 980 million. The Bathroom Systems division was up 5.5%.

Sales picked up sharply (+15.9%) to surpass the forecasts announced at the end of the third quarter. All export markets performed well.

The Swiss sanitaryware giant’s revenue rose to CHF 2.69 billion in the first nine months of 2021, up 18.8% on the same period last year and 16.8% on 2019.

Net sales increased by 24.9% compared with the first half of 2020 and by 16.9% compared with the same period in 2019

The fresh growth in the fourth quarter of 2020 has enabled Geberit to post a year-end increase in sales after currency adjustments. EBITDA is expected to stand at around 31%.

The 5% growth in the third quarter reduces the fall in revenues in the first 9 months of 2020 to 5% (or -0.4% on a constant currency basis). Geberit expects a weaker fourth quarter, but with improved margins.

Despite a 9.8% decline in revenues and a 13.9% fall in net income, Geberit is maintaining its investments in technology and R&D

In 2018 Geberit posted consolidated sales of CHF 3,081 million (+5.9%), 5.7% growth in EBITDA and net income of CHF 626 million (+3.7%). It has also performed strongly in the first quarter of 2019.