Geberit : Presentation on the quarterly report as of 31 March 2019
May 02, 2019 at 01:03 am EDT
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Q1 2019 Results
Christian Buhl, CEO
Roland Iff, CFO
May 2, 2019
Key figures Q1 2019
Sales growth (reported)
+0.9%
Earning per share growth (adj.)
+6.6%
SLIDE 2
Q1 2019 RESULTS
MAY 2, 2019
Sales growth
(in local currencies)
+3.6%
IFRS 16 effect
•EBITDA margin +50 bps
•Assets & liabilities CHF 71 million each
EBITDA margin
31.6%
(+180 bps vs. PY)
•Share buyback in the amount of CHF 17 million
•Refinancing of CHF 150 million bond with two CHF 125 million bonds in April 2019
Sales Q1 2019 - Good sales growth achieved in Q1 2019
In CHF million
Total variance: + CHF 7 million (+0.9%)
30
823
23
830
Sales
Growth
Currency
Sales
Q1 2018
in local currency
effect
Q1 2019
+3.6%
-2.7%
SLIDE 3
Q1 2019 RESULTS
MAY 2, 2019
Sales Q1 2019 - Sales growth in all regions
Sales and currency adjusted sales growth Q1 2019 by region, in CHF million and %
Europe
CHF 761 million
America
+3.5%
Far East / Pacific
CHF 25 million
+2.8%
Middle East / Africa
CHF 23 million
CHF21 million
+8.6%
+4.8%
Total CHF 830 million +3.6%
SLIDE 4
Q1 2019 RESULTS
MAY 2, 2019
Key figures Q1 2019 - Strong improvement of profitability
CHF million
Q1 2019
Q1 2018
% YoY
Sales
830
823
0.9%
EBITDA
262
245
6.8%
Margin
31.6%
29.8%
Adj. EBIT
227
215
5.8%
Margin
27.4%
26.1%
EBIT
227
206
10.5%
Adj. net income
192
183
4.9%
Margin
23.1%
22.2%
Net income
192
176
9.3%
Adj. EPS (CHF)
5.33
5.00
6.6%
EPS (CHF)
5.33
4.80
11.0%
Free cashflow
5.3
-42
112.8%
Margin
0.6%
-5.0%
SLIDE 5
Q1 2019 RESULTS
MAY 2, 2019
•Further improved profitability despite significant tariff increases due to
−Lower raw material prices
−Sales price increases
−Volume growth
−Efficiency projects
−Cost discipline
•Positive IFRS 16 effect on EBITDA margin of +50 bps
•No more adjustments on net income level in 2019
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Geberit AG published this content on 02 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 May 2019 05:02:03 UTC
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 
