Geberit AG : will start its new share buyback programme on 17 September 2020
September 17, 2020 at 08:37 am EDT
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The Geberit AG share buyback programme announced on 10 March 2020 will start on 17 September 2020.
Over a maximum period of two years, registered shares amounting to a maximum purchase value of CHF 500 million will be repurchased. Based on the closing price of Geberit registered shares on 15 September 2020, this currently corresponds to around 950,000 registered shares or 2.6% of the share capital currently entered in the Commercial Register. The registered shares will be repurchased via a separate trading line on the SIX Swiss Exchange for the purpose of a capital reduction.
For further information, please contact: Geberit AG Schachenstrasse 77, CH-8645 Jona Christian Buhl, CEO Tel. +41 (0)55 221 63 46 Roland Iff, CFO Tel. +41 (0)55 221 66 39 Roman Sidler, Corporate Communications & IR Tel. +41 (0)55 221 69 47
About Geberit
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.
Geberit AG is the European leader in designing, manufacturing, and marketing sanitary systems intended for the construction and building renovation sectors. Net sales break down by family of products as follows:
- sanitary plumbing systems (38.3%): complete installed sanitary systems (showers, bathtubs, toilets, bidets, sinks, urinals, etc.), ball-valves, trigger plates, flush tanks, siphons, etc.;
- sanitary ceramic products (31.2%);
- pipe systems (30.5%): systems and conduits made of stainless steel, carbon steel, and copper, for draining water from buildings and roofs, distributing water and gas, etc.
At the end of 2021, the group had 26 production sites worldwide.
Net sales are distributed geographically as follows: Switzerland (9.5%), Germany (31.3%), Eastern Europe (10.1%), Nordic Countries (9.6%), Benelux (8.4%), Italy (6.8 %), Austria (6.2%), France (5.4%), the United Kingdom and Ireland (3.1%), Iberian Peninsula (0.8%) and other (8.8%).
GEBERIT AG 
