Geberit: Information on the third quarter results 2020 Donnerstag, 29. Oktober 2020 - 07:00

In the first three quarters of 2020, the business performance of the Geberit Group was impacted by the COVID-19 pandemic and negative currency developments. In the second quarter in particular, restrictions enforced due to COVID-19 resulted in a significant sales decline in the individual markets, although this was partially offset in the third quarter as a result of catch-up effects. Net sales in the first nine months fell by 5.0% in total to CHF 2262 million. After currency adjustments, this corresponds to a slight decrease of 0.4%. Results were declining due to negative currency effects. Operating cashflow (EBITDA) fell by 0.9% to CHF 726 million. Despite the decline in net sales, the operating cashflow margin increased by 130 basis points to 32.1%. Net income dropped by 6.0% to CHF 504 million – with a reduction in return on net sales of 20 basis points to 22.3%. For the full year 2020, Management expects currency-adjusted net sales slightly below previous year’s level and an EBITDA margin above previous year’s level.

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