MEDIA RELEASE

Very good results despite crisis

Geberit looks back on a very good business and financial year - despite the COVID-19 crisis. The currency-adjusted sales growth was due to the strong market position, successful crisis management, the conscious decision to not furlough employees in order to also maintain the levels of contact with customers during the lockdown periods, and a rapid transition to a digital customer service approach. Thanks to further improved, high profitability, Geberit succeeded in further consolidating the position as leading supplier of sanitary products and gained further market shares. Consolidated net sales in 2020 decreased by 3.1% to CHF 2986 million. This decline comprised growth in local currencies of 1.3% and a negative foreign currency effect of 4.4%. Operating profit (EBIT) rose by 2.0% to CHF 772 million, and the EBIT margin reached 25.8% (previous year 24.5%). Net income decreased by 0.7% to CHF 642 million, which led to a return on net sales of 21.5% (previous year 21.0%). Earnings per share were slightly below previous year at CHF 17.95 (previous year CHF 17.97). Free cashflow increased by 11.4% to CHF 717 million despite negative currency effects. A distribution of CHF 11.40 will be proposed to the General Meeting, an increase of 0.9% compared to the prior year.

Read more on: www.geberit.com/mediarelease. Please visit our website www.geberit.com for additional information. The online version of the complete annual report is available on www.geberit.com/annualreport.

Don't hesitate to contact us for any other inquiries.

Yours sincerely,

Roman Sidler
Head Corporate Communications & Investor Relations

Geberit AG
Schachenstrasse 77, CH-8645 Jona
T: +41 55 221 69 47
F: +41 55 221 67 47
corporate.communications@geberit.com
www.geberit.com

About Geberit

The globally operating Geberit Group is a European leader in the field of sanitary products. Geberit operates with a strong local presence in most European countries, providing unique added value when it comes to sanitary technology and bathroom ceramics. The production network encompasses 29 production facilities, of which 6 are located overseas. The Group is headquartered in Rapperswil-Jona, Switzerland. With around 12,000 employees in around 50 countries, Geberit generated net sales of CHF 3.0 billion in 2020. The Geberit shares are listed on the SIX Swiss Exchange and have been included in the SMI (Swiss Market Index) since 2012.




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