Geberit AG : After a good Q1, visibility on demand seems limited
>A solid start to the year, characterised by still-strong demand but margins are under pressure - Geberit’s Q1 2022 results, reported yesterday, just beat expectations (5% above at the EBITDA level). The real surprise came from the top line, which saw growth of 13% on constant forex, with 6.4% of price growth. Despite this impressive performance, the EBITDA margin contracted by 360bp to 30.9%, slightly undershooting consensus expectations (31%). The Q1 EBITDA margin b...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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