Report
Delphine Brault

Geberit AG : 2019 results broadly in line; little visibility on 2020

>2019 results in line, including an EBITDA margin of 29.3% - Geberit this morning reported earnings broadly in line with expectations. Sales had already been reported on 17 January (FY 2019 growth at constant currency (cc) of 3.4%, of which 1.9% in Q4). The EBITDA margin reached 29.3%, +110bp, and compares with guidance of “around 29%”, taking EBITDA to CHF 904m (consensus estimate of CHF 903m, ODDO BHF estimate: CHF 897m). The group underscored that it had benefited...
Underlying
Geberit AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Brault

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