Geberit AG : Q3 2024 much better than forecast, guidance, upped slightly, looks cautious
>Q3 12% better than expected: better revenues, solid margins - The group’s Q3 2024 results, reported this morning, beat expectations by around 13%. Revenues grew by 6.2% on constant currencies (consensus 0.6%). It indicated that volumes rose by around 6% (after 5% in Q2) while price increases made virtually no contribution to growth. While underlying demand remained in decline in the newbuild segment, the group benefited from a solid renovation market. The adjusted EB...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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