Geberit AG : After an impressive end to 2020, 2021 is looking tougher
>Q4 2020 sales up 6.8% at constant currency - As we wrote in our Equity Flash yesterday morning (“Q4 sales mark year-end characterised by strong growth. Announcement of CFO’s departure”), the group reported growth at constant currency of 6.8% in Q4, versus -1.5% forecast by the consensus and our estimate of -3.5%. The CEO indicated growth of 11% for November and December alone. The group notably benefitted from strong demand in Germany (windfall effect due to a tempor...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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