(CercleFinance.com) – Geberit fell 4% in Zurich, after the publication by the supplier of sanitary equipment of its accounts for the first half, from which stand out a net profit down 12.5% to 402 million francs Swiss, i.e. a margin of 20.8%.
Its operating cash flow fell by 10.4% to 561 million francs, i.e. a margin of 29% for a turnover up by 5.5% to 1.93 billion (+11.3% excluding effects changes) ‘in a still difficult environment’.
For the current year as a whole, Geberit management expects ‘high single-digit’ revenue growth in local currency, as well as an EBITDA margin of 28% order.
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