The Geberit Group achieved solid results in the first nine months of 2017. Overall, net sales increased by 1.4% to CHF 2,202.3 million. Currency-adjusted net sales in organic terms rose by 3.0%. Adjusted operating profit fell by 1.0% to CHF 568.5 million, while adjusted net income declined by 1.1% to CHF 485.9 million. The drop in non-adjusted results was mainly caused by the one-off costs of closing two ceramics production plants in France, amounting to CHF 45 million. The Sanitec integration continues to proceed according to plan. Management expects currency-adjusted net sales in organic terms to grow by around 3% for 2017. The adjusted operating cashflow margin for the full year should reach around 28%.
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