Geberit looks back on a very good financial year despite a generally weaker market environment compared to the previous year. Thanks to convincing currency-adjusted net sales growth and further improved, high profitability, the company succeeded in further consolidating the position as leading supplier of sanitary products in Europe and strengthening it outside Europe. Consolidated net sales in 2019 increased by 0.1% to CHF 3083 million. This total growth comprised growth in local currencies of +3.4% and a negative foreign currency effect of -3.3%. Operating profit (EBIT) rose by 1.7% to CHF 757 million, and the EBIT margin reached 24.5% (previous year 24.2%). Net income rose by 3.3% to CHF 647 million (previous year CHF 626 million), which led to a return on net sales of 21.0% (previous year 20.3%). Earnings per share were up by 4.4% to CHF 17.97 (previous year CHF 17.21). Free cashflow increased by 10.7% to CHF 644 million despite negative currency effects. A distribution of CHF 11.30 will be proposed to the General Meeting, an increase of 4.6% compared to the prior year.
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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.