Geberit AG : Good resilience in Q2 already (very) largely priced in
>Good resilience in Q2, barring FCF - The group reported yesterday Q2 2020 results broadly ahead of our expectations (see our Equity Flash “A Q2 which showed good resilience to the crisis, apart from FCF. New guidance is in line with expectationsâ€). The EBITDA margin reached 30.1%, +10bp in Q2 and the group underscored the fact that it was helped by the decline in raw material prices (-5.1% in Q2 alone, after -2.4% in Q1).Net profit was down 24.4% to CHF 131m and...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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