Geberit AG Reports Q1 2024 Financial Results Amid Tough Market Conditions

Geberit AG announced its financial performance for the first quarter of 2024, noting a continuation of challenging market conditions. Despite these circumstances, the company managed to maintain high operating profitability. The report indicated a slight decline in product volumes and a 6.2% drop in net sales to CHF 837 million. When adjusted for currency effects, sales saw a reduced decline of 1.4%.

The operating cash flow, or EBITDA, stood at CHF 275 million. This represents a modest decrease in the EBITDA margin, which fell by 30 basis points to 32.8% compared to the previous year. Additionally, earnings per share declined by 9.9% to reach CHF 5.73.