Geberit : Full Annual Report 2023

Geberit Group

Financial information for periods ending December 2023 and 2022

December 2023 (MCHF)

Consolidated Income Statements: a)	Actual		Prev.year		∆ ACT/PY		Actual		Prev. year		∆ ACT/PY
		01..12	01..12	01..12		Q4		Q4		Q4
		MCHF		MCHF		in %		MCHF		MCHF		in %
Net sales		3'083.9		3'391.9		-9.1		694.2		667.1		+4.1
Cost of materials		886.7		1'074.5		-17.5		193.1		198.9		-2.9
Personnel expenses		749.8		776.2		-3.4		191.1		180.1		+6.1
Other operating expenses, net		526.5		632.6		-16.8		137.8		146.3		-5.8
EBITDA c)		920.9		908.6		+1.4		172.2		141.8		+21.4
in % of Net sales		29.9		26.8				24.8		21.3
Depreciation		132.7		128.2		+3.5		33.0		33.1		-0.3
Amortisation of intangibles		19.7		25.4		-22.4		4.7		6.4		-26.6
Operating profit (EBIT)		768.5		755.0		+1.8		134.5		102.3		+31.5
in % of Net sales		24.9		22.3				19.4		15.3
Financial result, net		-26.7		-14.1		-89.4		-8.4		-3.9		-115.4
Profit before income tax expenses		741.8		740.9		+0.1		126.1		98.4		+28.2
Income tax expenses		124.8		34.6		+260.7		25.4		-66.6		+138.1
Net income		617.0		706.3		-12.6		100.7		165.0		-39.0
in % of Net sales		20.0		20.8				14.5		24.7
Financial expenses		-25.5		-12.1		-110.7		-6.6		-4.2		-57.1
Financial income		7.2		3.9		+84.6		2.1		1.1		+90.9
Foreign exchange (loss)/gain, net		-8.4		-5.9		-42.4		-3.9		-0.8		-387.5
Financial result, net		-26.7		-14.1		-89.4		-8.4		-3.9		-115.4
Earnings per share (CHF)		18.39		20.48		-10.2		3.02		4.85		-37.7
Earnings per share, diluted (CHF)		18.35		20.41		-10.1		3.02		4.83		-37.5
Condensed Consolidated Statements of Cashflows: a)	Actual		Prev.year		∆ ACT/PY		Actual		Prev. year		∆ ACT/PY
		01..12	01..12	01..12		Q4		Q4		Q4
		MCHF		MCHF		in %		MCHF		MCHF		in %
Cash provided by operating activities		857.9		736.0		+16.6		279.3		216.6		+28.9
Cash provided by/(used in) investing activities		-190.6		-148.1		-28.7		-66.4		-58.7		-13.1
Cash provided by/(used in) financing activities		-499.7		-881.8		+43.3		-57.7		-438.2		+86.8
Effects of exchange rates on cash		-16.5		-11.4		-44.7		-9.5		-6.0		-58.3
Net increase/(decrease) in cash and cash equivalents		151.1		-305.3		+149.5		145.7		-286.3		+150.9
Free Cashflow d)		625.3		561.6		+11.3		204.0		149.7		+36.3
Condensed Consolidated Balance Sheet Data: a)	Actual		Prev.year
		31.12.	31.12.
		MCHF		MCHF
Cash and cash equivalents		356.8		205.7
Net working capital b)		195.5		237.0
Property, plant and equipment (PPE)		976.2		948.3
Goodwill and intangible assets		1'339.8		1'409.6
Total assets		3'556.2		3'429.2
Total debt		1'321.4		1'029.6
Net debt		964.6		823.9
Total equity		1'320.1		1'497.0
Equity ratio %		37.1		43.7
ROIC % e)		23.6		26.5

1. All financial information above is audited except quarterly Income Statements and Cashflow Statements. Quarterly figures are prepared under the same recognition and measurement principles applied to the audited annual financial statements.
2. Without derivative financial instruments
3. EBITDA = Operating profit (EBIT) before depreciation expenses and amortisation
4. Free Cashflow = Cash provided by operating activities less capital expenditures (net), lease payments and financial expenses paid (net)
5. ROIC = Return on invested capital (Net operating profit after tax / Invested capital). Net operating profit after tax = EBIT less income taxes on EBIT. Invested capital = Net working capital + PPE + goodwill and intangible assets

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