Geberit AG : A very good Q3 2020, but gloomier prospects at the start of Q4
>Q3 helped by restocking and catch-up effects in Europe - Yesterday morning, Geberit reported Q3 2020 results well ahead of our expectations and those of the consensus, benefiting from catch-up and restocking effects. Sales grew 8.5% at cc and the EBITDA margin reached 33.2%, +250bp. EBIT rose 17% to CHF 227m, 20% higher than the consensus (€ 179m forecast by ODDO BHF and CHF 189m by the consensus). The group underscored that it had benefited from a decline in raw mat...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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