Geberit: 10% decline in annual EPS

(CercleFinance.com) - Geberit has reported a 10.
2% drop in EPS to 18.39 Swiss francs for 2023, despite a slight 1.4% rise in EBITDA to 921m CHF, giving a margin of 29.9% on sales down 9.1% to 3.08bn CHF (-4.8% in local currencies).

The sanitaryware supplier explained that its volumes fell significantly due to the decline in construction in Europe and a difficult basis for comparison, as well as unfavourable demand trends.

Geberit proposes a virtually stable dividend (+0.8%) of 12.70 Swiss francs per share for 2023, but expects the construction sector to continue to decline this year, pointing to macroeconomic conditions and geopolitical risks.


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