Geberit : Very good results despite crisis Mittwoch, 10. März 2021 - 07:00

Geberit looks back on a very good business and financial year – despite the COVID-19 crisis. The currency-adjusted sales growth was due to the strong market position, successful crisis management, the conscious decision to not furlough employees in order to also maintain the levels of contact with customers during the lockdown periods, and a rapid transition to a digital customer service approach. Thanks to further improved, high profitability, Geberit succeeded in further consolidating the position as leading supplier of sanitary products and gained further market shares. Consolidated net sales in 2020 decreased by 3.1% to CHF 2986 million. This decline comprised growth in local currencies of 1.3% and a negative foreign currency effect of 4.4%. Operating profit (EBIT) rose by 2.0% to CHF 772 million, and the EBIT margin reached 25.8% (previous year 24.5%). Net income decreased by 0.7% to CHF 642 million, which led to a return on net sales of 21.5% (previous year 21.0%). Earnings per share were slightly below previous year at CHF 17.95 (previous year CHF 17.97). Free cashflow increased by 11.4% to CHF 717 million despite negative currency effects. A distribution of CHF 11.40 will be proposed to the General Meeting, an increase of 0.9% compared to the prior year.

Read more on: www.geberit.com/mediarelease. Please visit our website www.geberit.com for additional information. The online version of the complete annual report is available on www.geberit.com/annualreport.

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