Geberit H1 Net Sales For Group Down By 1.4%
Aug 15 (Reuters) -GEBERIT AG GEBN.S:
IN THE FIRST HALF OF 2024, NET SALES FOR THE GEBERIT GROUP DECREASED BY 1.4% TO CHF 1,638 MILLION
H1 ADJUSTED FOR NEGATIVE CURRENCY EFFECTS IN THE AMOUNT OF CHF 52 MILLION, HOWEVER, AN INCREASE OF 1.7% WAS ACHIEVED
Q2 NET SALES REACHED CHF 801 MILLION
FOR 2024 AS A WHOLE, MANAGEMENT EXPECTS NET SALES IN LOCAL CURRENCIES TO BE AT THE PRIOR-YEAR LEVEL AND AN EBITDA MARGIN OF AROUND 29%
THE EBITDA MARGIN IN THE SECOND HALF OF THE YEAR IS ALWAYS LOWER THAN IN THE FIRST HALF DUE TO SEASONAL FACTORS
IN SWISS FRANCS, H1 NET SALES DECREASED BY 1.4% TO CHF 1,638 MILLION, BUT ROSE IN CURRENCY-ADJUSTED TERMS BY 1.7%
H1 OPERATING CASHFLOW (EBITDA) REACHED CHF 518 MILLION
Further company coverage: GEBN.S
(Gdansk Newsroom)
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