Geberit AG : A Q2 which showed good resilience to the crisis, apart from FCF. New guidance is in line with expectations
>Q2 2020: an EBITDA margin in line with our expectations, but ahead of the consensus. FCF disappoints - The group this morning reported Q2 results in line with our expectations at the operating level, and ahead of the consensus. Sales had already been reported on 6 July (decline at constant currency (cc) of 10.7%). The EBITDA margin reached 30.1%, +10bp. EBIT contracted by 20% to CHF 162m (CHF 163m forecast by ODDO BHF and CHF 151m estimated by the consensus). The gro...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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