Geberit AG : A solid Q1 thanks to price increases, outlook set to remain challenging
>Q1 better-than-expected but factors in non-recurring items - Yesterday morning, the group reported results a shade above expectations (by 3%), once adjusted for exceptional subsidies to meet energy costs (Italy, Poland) which helped improve the EBITDA margin by 100bp (out of the 220bp improvement in the reported figures).Revenues declined by 4.3% at constant currency (cc), with volumes down 16% and prices up 12%. The EBITDA margin reached 33.1%, +220bp, bringing...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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