Geberit: targets sales growth of 1-2
(CercleFinance.com) - Net sales rose by 0.
4% to 2,400m Swiss francs over the 9 months to 30 September, with currency-adjusted growth reaching 3.1%.
EBITDA reached 754m Swiss francs, while its EBITDA margin increased 10bp to 31.4%.
Net income fell by 3.1% to 501m Swiss francs (+1.3% currency-adjusted).
EPS fell 1.4% to 15.13 CHF in local currency, but rose by 3.1% despite a significantly higher tax rate due to the OECD minimum tax law, the Group points out.
For FY 2024, management forecasts net sales growth of 1% to 2% in local currencies, and an EBITDA margin of around 29.5%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
4% to 2,400m Swiss francs over the 9 months to 30 September, with currency-adjusted growth reaching 3.1%.
EBITDA reached 754m Swiss francs, while its EBITDA margin increased 10bp to 31.4%.
Net income fell by 3.1% to 501m Swiss francs (+1.3% currency-adjusted).
EPS fell 1.4% to 15.13 CHF in local currency, but rose by 3.1% despite a significantly higher tax rate due to the OECD minimum tax law, the Group points out.
For FY 2024, management forecasts net sales growth of 1% to 2% in local currencies, and an EBITDA margin of around 29.5%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.