Information on the half-year results 2017
(WorldNews Switzerland)

Half-Year Report as of 30 June 2017 Solid results Geberit AG, Rapperswil-Jona, 17 August 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...