Geberit: stock down sharply after H1 results
(CercleFinance.com) - Geberit shares are down nearly 4% in Zurich this morning, after the group published H1 2024 EPS that fell 3.
3% to 10.57 CHF (albeit up 0.9% in local currencies, despite the impact of a minimum taxation law in the OECD).
The sanitaryware supplier's EBITDA margin slipped 0.1 point to 31.6% on revenues that declined 1.4% to 1.64bn CHF - however, excluding currency effects, its margin rose by 0.4 point, while revenues increased 1.7%.
Despite a declining building construction sector and unfavourable currency trends, it was possible to achieve a slight increase in volumes and maintain profitability at a high level, the Swiss group says.
Despite the difficult market environment, Geberit's management expects full-year revenues in local currencies to be on a par with the previous year, as well as an EBITDA margin of around 29%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
3% to 10.57 CHF (albeit up 0.9% in local currencies, despite the impact of a minimum taxation law in the OECD).
The sanitaryware supplier's EBITDA margin slipped 0.1 point to 31.6% on revenues that declined 1.4% to 1.64bn CHF - however, excluding currency effects, its margin rose by 0.4 point, while revenues increased 1.7%.
Despite a declining building construction sector and unfavourable currency trends, it was possible to achieve a slight increase in volumes and maintain profitability at a high level, the Swiss group says.
Despite the difficult market environment, Geberit's management expects full-year revenues in local currencies to be on a par with the previous year, as well as an EBITDA margin of around 29%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.