Geberit AG : Greater caution for Q4, after a good Q3
>Good quality Q3, aided by prices, raw materials and the working days effect - Geberit yesterday reported higher-than-expected Q3 results, notably with growth of 5.5% excluding forex (consensus at 4.5%), with a 1.5% price effect and a favourable working days impact (+1 day). The EBITDA margin improved by 190bp to 30.7% (consensus 29.6%), thanks to operating leverage and the fall in raw materials prices (peak reached in Q3 2018). Net profit came to CHFÂ 171m, up +17%, a...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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