GEBERIT AG MEDIA RELEASE
Information on the first half-year results 2017
The Geberit Group posted solid results in the first half of 2017. Overall, net sales fell by 0.7% to CHF 1469.3 million in the first six months of the year. However, currency-adjusted net sales in organic terms improved by 2.8%. Adjusted operating profit (adj. EBIT) was down 2.7% to CHF 379.7 million, while adjusted net income declined by 4.0% to CHF 319.9 million. The drop in non-adjusted results was mainly caused by the one-off costs of closing two ceramics production plants in France, amounting to CHF 44 million. The Sanitec integration continues to proceed according to plan. Management expects currency adjusted net sales in organic terms to grow between 3 and 4% for 2017. The adjusted operating cashflow margin for the full year should reach around 28%.
Read more on: www.geberit.com/mediarelease. Please visit our website www.geberit.com/en for additional information.
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