Geberit AG : Negative volumes outweighing margin resilience at this stage
>Q2 2023: Sales down 14%, adjusted EBITDA margin of 30% - Yesterday morning, Geberit published Q2 2023 results below expectations (-10% on sales and -8% on adjusted EBITDA).Sales were down 14.3% at cc, of which -25% for volumes whilst prices rose by 11%. The EBITDA margin reached 30%, +300bp, bringing EBITDA to CHF 231m. Price increases net of raw material inflation contributed 850bp to the margin improvement. EBIT came in at CHF 194m, down 11.9%, and net pr...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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