Geberit AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023
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Geberit AG reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CHF 727.9 million compared to CHF 790.7 million a year ago. Net income was CHF 147.8 million compared to CHF 139.2 million a year ago. Basic earnings per share from continuing operations was CHF 4.42 compared to CHF 4.05 a year ago. Diluted earnings per share from continuing operations was CHF 4.41 compared to CHF 4.04 a year ago.
For the nine months, sales was CHF 2,389.7 million compared to CHF 2,724.8 million a year ago. Net income was CHF 516.3 million compared to CHF 541.3 million a year ago. Basic earnings per share from continuing operations was CHF 15.35 compared to CHF 15.62 a year ago. Diluted earnings per share from continuing operations was CHF 15.32 compared to CHF 15.56 a year ago.
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 
