Geberit AG : A good level of top-line resilience in Q2, more cautious on coming quarters
>Q2 sales reported down 10.7% yesterday - Geberit yesterday reported its Q2 2020 sales (see flash published yesterday morning for more details). Q2 sales came in 10.7% lower on constant currencies at CHF 671m. The forex effect was negative to the tune of -5.1%. H1 2020 sales saw very mixed trends depending on the markets, with some countries showing flat or slightly positive growth (Germany, Switzerland, Nordic countries, central and eastern Europe, Austria) whil...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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