GEBERIT AG MEDIA RELEASE
Information Annual Results 2018
As in previous years, the construction industry in 2018 was shaped by developments that varied by region. In the year-on-year comparison, the market environment was characterised by increased volatility and a declining growth momentum in certain markets. Solid sales growth and high profitability led to a good financial year, which further consolidated Geberit's position as the leading supplier of sanitary products in Europe. Consolidated sales in 2018 increased by 5.9% to CHF 3081 million. Total growth comprised growth in local currencies of +3.1% and a foreign currency effect of +2.8%. Operating profit (EBIT) adjusted for one-off costs related to the Sanitec acquisition and integration increased by 5.4% to CHF 744 million and the correspondingly adjusted EBIT margin came to 24.2%. Adjusted net income rose by 3.7% to CHF 626 million, with an adjusted return on sales of 20.3%. Adjusted earnings per share improved by 4.7% to CHF 17.21. A distribution of CHF 10.80 will be proposed to the General Meeting, an increase of 3.8% compared to the prior year.
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The online version of the complete annual report is available on www.geberit.com/annualreport.
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Tensid EQS Ltd., Switzerland www.tensid.ch |
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