The 2016 financial year was shaped by a positive environment in the construction industry and the integration of the ceramics business. The excellent results allowed Geberit to further consolidate the position as the leading supplier of sanitary products in Europe. Net sales increased by 8.3% to CHF 2809.0 million. Operating profit (EBIT) adjusted for special effects in connection with the Sanitec acquisition increased by 16.2% to CHF 686.5 million and the correspondingly adjusted EBIT margin came to 24.4%. Adjusted net income rose by 18.4% to CHF 584.0 million, with an adjusted return on sales of 20.8%. Adjusted earnings per share increased by 19.8% to CHF 15.85. Free cashflow rose by 16.5% to CHF 563.9 million. A distribution of CHF 10.00 will be proposed to the General Meeting, an increase of 19.0% compared to the prior year. Furthermore, the Board of Directors has decided to initiate a share buyback programme at the end of the second quarter of 2017.
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