Geberit AG : Q1 brings an upward surprise, notably at the activity level
>Q1 2024: a limited decline in sales (-1.4% l-f-l) and the margin - The group reported this morning Q1 results above forecasts. Sales were down 1.4% at constant forex (consensus -4.0%). The group stated that volumes had fallen by 2%, while price hikes contributed around 1% to growth. Above all, it indicated that this stronger resilience than expected in sales is largely due to restocking at wholesalers, while demand remains clearly down. The EBITDA margin reached 32.8...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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