The Geberit Group posted very good results in a challenging environment in the first quarter of 2020. Currency-adjusted net sales rose by 1.5%. In Swiss francs, this figure fell by 3.9% to CHF 798 million. Operating results in local currencies saw disproportionate increases on all levels. In Swiss francs, operating cashflow decreased only slightly by 0.7% to CHF 260 million. The COVID-19 pandemic started to have a negative effect in practically all markets from the second half of March. Due to the volatile and uncertain situation, an outlook for the construction industry is not possible at the moment.
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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 sales of CHF 3.1 billion in 2019. The Geberit shares are listed on the SIX Swiss Exchange and have been included in the SMI (Swiss Market Index) since 2012.