Report
Denise Molina
EUR 98.48 For Business Accounts Only

Medium-term growth likely to be more challenging due to mix shift toward more competitive markets.

Although we still expect Geberit to expand its medium-term EBIT margin to the mid-25% level from easy pickings in restructuring its 2015 Sanitec acquisition, we do not expect to see much expansion this year. Raw material prices have been rising sharply, and we think Geberit could run into some margin pressure, as it is unlikely to be able to fully pass along the added expense through product price increases. Raw material prices were up 4.1% year over year for the company in the first quarter and...
Underlying
Geberit AG

Geberit is a supplier of sanitary technology products. Co. develops, produces and distributes sanitary products and systems for the residential and commercial new construction and renovation markets. Co.'s product range consists of: the Sanitary Systems product area with the Installation Systems, Cisterns & Mechanisms, Faucets & Flushing Systems and Waste Fittings & Traps product lines; and the Piping Systems product area with the Building Drainage Systems and Supply Systems product lines. Co.'s products are sold through the wholesale channel to in more than 120 countries.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Denise Molina

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