Geberit Announces Consolidated Sales Results for the Fourth Quarter and Full Year of 2015; Provides Earnings Guidance for the Year 2015
January 18, 2016 at 04:21 pm
Share
Geberit announced consolidated sales results for the fourth quarter and full year of 2015. Net sales in the fourth quarter reached CHF 621.1 million, which is equivalent to an increase of 32.4%; currency-adjusted and in organic terms, growth amounted to 5.0%.
In 2015, overall, net sales increased by 24.2% to CHF 2,593.7 million. This growth was influenced by the Sanitec Group, which was consolidated into the Geberit Group as of February 1, 2015, as well as by significantly negative exchange rate effects in the amount of CHF 201 million resulting from the abandonment of the minimum exchange rate by the Swiss National Bank. Net sales adjusted for acquisition and currency effects grew by 2.7% despite a strong equivalent period in the previous year.
For the year as a whole, the company anticipates an adjusted EBITDA margin of around 26.5%. In terms of results, the company expects an adjusted operating cash flow margin of around 26.5% for the entire year. CapEx should be around CHF 150 million, and the company expects a tax rate of around 14%.
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 
