Geberit AG : Caution at the start of the year in view of the poor visibility
>2020: an exceptional year in every sense of the term - Despite a challenging year, with a strong fall in activity in Q2 (Q2: -10.7%, full year: +1.3% organic), the group managed to grow the EBITDA margin significantly, aided in particular by a strong reduction in certain outlays (raw material purchases, marketing and travel spending, etc.). The group yesterday reported results broadly in line with expectations. The EBITDA margin reached 31%, +170bp. Geberit bene...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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