(CercleFinance.com) – Geberit lost nearly 7% in Zurich, after the announcement by the manufacturer of sanitary equipment of a net profit down 17.1% to 541 million Swiss francs for the first nine months of 2022, as well as an operating cash flow down 14.2% to 767 million.
In a “still demanding environment”, the Swiss group saw its turnover increase by 1.4% to 2.72 billion francs, weighed down by heavily negative exchange rate effects, without which its revenues increased by 8.2 %.
For the current year as a whole, Geberit expects sales growth in local currencies ‘in the mid to high single digit range’, as well as an EBITDA margin of around 27 %.
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