Geberit AG : A Q2 close to expectations, but full-year 2024 guidance a little weak
>Q2: sales better, margin solid albeit a shade below expectations - The group reported this morning Q2 results around 1% shy of expectations. Sales rose by 5.2% at constant currency (consensus 4.1%), marking a clear improvement on Q1 (-1.4%). The group indicated out that volumes rose by almost 5% (after -2% in Q1), while price increases made virtually no contribution to growth. Restocking from distributors continued in Q2 and was the main driver of growth, while under...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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