Geberit AG : A generally reassuring start to the year thanks to the beginnings of inventory rebuilding at wholesalers
>Q1 2024: EBITDA 5.2% above expectations and a margin of 32.8% - Yesterday morning, the group reported Q1 results that beat expectations. Sales were down 1.4% at constant exchange rates (consensus -4.0%), with -2% for volumes/mix and a +1% price effect. The EBITDA margin was 32.8%, down -30bp, bringing EBITDA to CHF 275m (consensus CHF 261m). The group highlighted notably that it had benefited from a favourable price effect (net of inflation in raw materials prices) o...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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