Sales growth in local currencies despite volume decline
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Geberit AG / Key word(s): Quarter Results The Geberit Group posted convincing results in a very challenging environment in the first quarter of 2023. While volumes declined compared to the record levels in the previous year, profitability increased after last year’s decline. Net sales decreased by 8.9% to CHF 893 million. Adjusted for currency effects, the decrease came to 4.3%. Operating cashflow (EBITDA) reached CHF 296 million, which corresponds to an increase in the EBITDA margin of 220 basis points to 33.1%. Earnings per share grew by 1.1% to CHF 6.36. In local currencies, this corresponded to strong growth of 8.6%. 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 |
1621361 02-May-2023 CET/CEST
