Geberit Q1 EBITDA Reached CHF 275 MLN
May 7 (Reuters) -GEBERIT AG GEBN.S:
GEBERIT AG - ADJUSTED FOR CURRENCY EFFECTS, THE DECREASE WAS 1.4%. OPERATING CASHFLOW (EBITDA) REACHED CHF 275 MILLION
GEBERIT AG - DECREASE IN THE EBITDA MARGIN OF 30 BASIS POINTS TO 32.8% COMPARED TO THE PREVIOUS YEAR
GEBERIT AG - THE FORECASTS FOR THE CURRENT YEAR HAVE NOT CHANGED SIGNIFICANTLY SINCE THE ANNOUNCEMENT OF THE FULL-YEAR RESULTS FOR 2023 IN MARCH
GEBERIT AG - . DUE TO THE CHALLENGING CONDITIONS, THE BUILDING CONSTRUCTION INDUSTRY IS EXPECTED TO DECLINE OVERALL IN 2024
GEBERIT AG - THE BOARD OF DIRECTORS HAS ALSO DECIDED TO REPURCHASE SHARES AMOUNTING TO A MAXIMUM OF CHF 300 MILLION AS PART OF A NEW SHARE BUYBACK PROGRAMME RUNNING FOR A MAXIMUM PERIOD OF TWO YEARS
GEBERIT AG - MAIN REASON FOR THE SHARPER DECREASE IN NET INCOME WAS THE SIGNIFICANTLY HIGHER TAX RATE, WHICH WAS DRIVEN BY THE NEW OECD MINIMUM TAXATION LAW
GEBERIT AG - OP PROFIT Q124 (EBIT) 239.4 MLN CHF
Further company coverage: GEBN.S
(Gdansk Newsroom)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
