Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Geberit AG    GEBN   CH0030170408

GEBERIT AG

(GEBN)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Geberit expects tough 2019 citing Brexit, Italian risks

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/02/2019 | 01:31am EST
Logo of shower toilet and plumbing supplies maker Geberit is seen in Rapperswil-Jona

ZURICH (Reuters) - Geberit said it expected 2019 to be a "challenging" year, citing increased economic volatility and a construction slowdown in many markets, as it reported first quarter earnings ahead of expectations.

Brexit, Italian political risks and a shortage of fitters in Germany were all cited by the group as downward factors by the Swiss company whose results are often seen as an indicator for the health of the broader construction sector.

"2019 will be challenging due to a general increase in volatility and the slowdown of construction activity in individual markets," said Geberit, whose products are used in new build and renovation projects.

The plumbing materials supplier said net profit rose 9.3 percent to 192 million Swiss francs (£144.6 million), beating analyst expectations for 175 million francs in an Infront Data poll.

Operating cashflow (EBITDA) rose 6.8 percent to 262 million francs, while sales increased 0.9 percent to 830.3 million francs beat expectations of 821 million francs.

Geberit said its profits were helped by lower raw material prices, higher sales volumes and by selling more of its profitable products, which include shower toilets.

Demand in Germany, the company's biggest market, was likely to still be constricted by a shortage of installers, while a flat market is expected in France, it said.

The company, said political risks in Italy made it cautious about its prospects there while it expected a "downward trend" in Britain due to the country's ongoing departure from the European Union.

Geberit also said it expected raw materials prices - it uses copper, aluminium and zinc and plastics in its products - to increase again in the second quarter.

(Reporting by John Revill)

By John Revill

Stocks mentioned in the article
ChangeLast1st jan.
GEBERIT AG 1.05% 520.2 Delayed Quote.34.66%
INFRONT ASA -4.10% 23.4 Delayed Quote.7.75%
LME ALUMINIUM CASH -0.68% 1756 End-of-day quote.-5.49%
LME COPPER CASH 0.21% 5835 End-of-day quote.-0.07%
LME ZINC CASH -0.97% 2458 End-of-day quote.-0.16%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GEBERIT AG
10/31Geberit says British construction market declining as Brexit weighs
RE
10/31GEBERIT : Information on the quarterly report as of 30 September 2019
PU
10/31GEBERIT : Presentation on the quarterly report as of 30 September 2019
PU
10/31Information on the third quarter results 2019
TE
10/31GEBERIT AG : Slide show Q3 results
CO
10/09GEBERIT : Media release of 9 October 2019
PU
10/09Death of member of the Board of Directors Thomas M. Hübner
TE
08/15GEBERIT : says German construction market is resiliant
RE
08/15GEBERIT : says construction market still tough as second-quarter sales dip
RE
08/15Information on the first half-year 2019
TE
More news
Financials (CHF)
Sales 2019 3 097 M
EBIT 2019 767 M
Net income 2019 655 M
Debt 2019 456 M
Yield 2019 2,23%
P/E ratio 2019 28,6x
P/E ratio 2020 28,3x
EV / Sales2019 6,20x
EV / Sales2020 6,00x
Capitalization 18 747 M
Chart GEBERIT AG
Duration : Period :
Geberit AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GEBERIT AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 19
Average target price 447,71  CHF
Last Close Price 520,20  CHF
Spread / Highest target 2,46%
Spread / Average Target -13,9%
Spread / Lowest Target -32,7%
EPS Revisions
Managers
NameTitle
Christian Buhl Chief Executive Officer
Albert M. Baehny Non-Executive Chairman
Martin Ziegler Head-Operations
Roland Iff Chief Financial Officer
Felix Klaiber Head-Technology & Innovation
Sector and Competitors