Geberit AG : A Q2 close to expectations, but cautious guidance, reflecting a still sluggish construction market
>Q2 2024: 5% increase in volumes, EBITDA margin of 30.3% (+30bp) - The group reported its Q2 results yesterday morning. Sales rose by 5.2% at constant currency (consensus 4.1%), with volumes up by around 5% (after -2% in Q1) and stable prices. Restocking from wholesalers continued in Q2 and was the main driver of growth (with one additional working day and favourable comps). Underlying demand remains sharply down, and Q2 saw no change in market conditions. The EB...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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