Geberit AG : Caution is still in order, although 2021 will likely be better than expected
>Excellent start to the year, both for sales and EBITDA margins - Geberit pleasantly surprised the market yesterday, reporting Q1 sales on constant currencies up 13% and EBITDA margin improvement of 200bp to 34.6%.The group indicated that some of this performance (not quantified) came from restocking ahead of the price increases it introduces each year in early April (1-1.5% this year). It also estimates that this excellent performance in terms of growth was...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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