Geberit AG : After a challenging 2022, visibility remains poor on 2023
>2022 was a year under pressure, fall in volumes and the EBITDA margin - Yesterday morning, the group published 2022 results close to expectations. Sales had already been reported on 19 January (FY 2022 growth at constant currency (cc) of 4.8%, of which -7.2% in Q4). The EBITDA margin was 26.8%, -410bp, and compares with guidance of “around 27%”, taking EBITDA to CHF 909m (consensus estimate of CHF 916m, ODDO BHF estimate of CHF 913m). For Q4 alone, the group reported...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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