Geberit AG : Q1 margin and April sales decline offer reassurance
>Significant EBITDA margin resilience in Q1 - The group's Q1 2020 results, reported last Thursday, largely beat expectations (see our flash “A resilient (even more than expected) Q1 2020, Q2 will be more complicatedâ€). The EBITDA margin reached 32.6%, +100bp. Geberit benefited from a net price effect of 1.6 pt, with 1pt stemming from lower raw materials prices. Volume and mix effects were broadly zero (0.1 pt). Currencies had a negative impact of 0.2 pt and “othe...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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