News Column

LGT-Geberit presented solid first-half year result

August 13, 2014

ENP Newswire - 13 August 2014

Release date- 12082014 - Geberit, manufacturer of water supply pipes and fittings, drainage and flushing systems, reported a 7.1% gain in first-half year sales to CHF 1.26bn (+8.6% in local currencies) benefitting from mild weather conditions.

EBITDA margin rose 1.7% to 28.2% and net income advanced 17% to CHF 272.7m, matching market estimates.

Geberit targets 2014 sales in local currencies in the top range of 4-6% as well as an EBITDA margin slightly above the previous year's level (25.9%), in line with expectations.

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Source: ENP Newswire

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