Geberit: stock up after annual sales figures

(CercleFinance.com) - Geberit shares are up nearly 2% in Zurich this morning, after the sanitary equipment manufacturer announced a 2% decline in annual sales to 3.
39 billion Swiss francs, although sales were up 4.8% in local currencies, in a difficult environment.

This growth was driven by strong price increases of around 9% and a vigorous increase in volumes in H1, the Swiss group said, adding that it benefited from the stock rebuilding by wholesalers.

Geberit confirms that it expects a FY 2022 EBITDA margin of around 27%, and is convinced that it will be able to achieve its medium-term targets, including an average EBITDA margin of 28% to 30%.


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