Geberit AG : Volume trend still in negative territory, but comps starting to help
>Q3 2023: sales down 4.8% in comparable terms, EBITDA margin of 30.6% - The group yesterday morning reported Q3 earnings ahead of expectations (5.3% for EBITDA).Sales came in 4.8% lower on constant forex, with -11% for volumes while prices advanced by 6%. The EBITDA margin came to 30.6%, +450bp, bringing EBITDA to CHF 223m. Price increases net of raw material cost inflation contributed 600bp to this margin improvement. EBIT amounted to CHF 181m, up 6.8% and ...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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