Geberit AG : Q4 release a shade below expectations and few indications for 2024
>2023 results a touch below expectations (4% at the EBITDA level in Q4) - The group this morning released results that came in below expectations. Sales had already been reported on 17 January (growth at constant currencies in FY 2023 of -4.8%, with +8.3% in Q4). The price effect over the year was 8.4%. The EBITDA margin came to 29.9%, up +310bp, and was close to the guidance of 30% given in January. EBITDA was CHF 921m (consensus CHF 928m, ODDO BHF CHF 926m). In...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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