Geberit has reported a 10.2% drop in EPS to 18.39 Swiss francs for 2023, despite a slight 1.4% rise in EBITDA to 921 million, giving a margin of 29.9% on sales down 9.1% to 3.08 billion (-4.8% in local currencies).
The sanitaryware supplier explained that its volumes fell significantly due to the decline in construction in Europe and a difficult basis for comparison, as well as unfavorable demand trends.
Geberit proposes a virtually stable dividend (+0.8%) of 12.70 Swiss francs per share for 2023, but expects the construction sector to continue to decline this year, pointing to macroeconomic conditions and geopolitical risks.
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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 
