Geberit Group: First information on 2020 Donnerstag, 14. Januar 2021 - 07:00
MEDIA RELEASE
First information on 2020
In 2020, the sales development 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 decrease in the individual markets, although this was offset in the second half of the year. While net sales of the Geberit Group decreased by 3.1% to CHF 2986 million in Swiss francs in 2020, growth of 1.3% was achieved after currency adjustments. As a result, it was possible to increase sales despite the crisis and gain further market shares. In terms of results, Management expects an operating cashflow margin of around 31% in 2020. The financial statements and annual report for 2020 will be released on 10 March 2021.
Read more on: www.geberit.com/mediarelease. Please visit our website www.geberit.com for additional information.
Don't hesitate to contact us for any other inquiries.
Yours sincerely,
Roman Sidler
Head Corporate Communications & Investor Relations
Geberit AG
Schachenstrasse 77, CH-8645 Jona
T: +41 55 221 69 47
F: +41 55 221 67 47
corporate.communications@geberit.com
www.geberit.com
About Geberit
The globally operating Geberit Group is a European leader in the field of sanitary products. Geberit operates with a strong local presence in most European countries, providing unique added value when it comes to sanitary technology and bathroom ceramics. The production network encompasses 29 production facilities, of which 6 are located overseas. The Group is headquartered in Rapperswil-Jona, Switzerland. With around 12,000 employees in around 50 countries, Geberit generated net sales of CHF 3.0 billion in 2020. The Geberit shares are listed on the SIX Swiss Exchange and have been included in the SMI (Swiss Market Index) since 2012.
