|Bid||595.00 x N/A|
|Ask||625.00 x N/A|
|Day's range||609.00 - 614.40|
|52-week range||529.20 - 779.80|
|Beta (5Y monthly)||0.66|
|PE ratio (TTM)||27.76|
|Forward dividend & yield||11.40 (1.55%)|
|Ex-dividend date||16 Apr 2021|
|1y target est||N/A|
ZURICH (Reuters) -Geberit on Thursday reported its strongest annual sales growth in 22 years as customers stranded by the pandemic chose to improve their homes with its piping and bathroom products. The maker of ceramics, shower toilets and other construction supplies reported annual sales rising 16% to 3.46 billion Swiss francs ($3.78 billion). The sales growth was the strongest since the company went public in 1999.
Geberit will introduce a second extraordinary price increase for its products during the fourth quarter to counter more expensive raw materials prices, Chief Executive Christian Buhl said on Wednesday. The Swiss plumbing supplies company had already raised prices for its products by 1.5% during its normal annual price increase in April, and had introduced an extraordinary increase of 2% in July. Geberit was now introducing a second extraordinary price rise of 1.5%, which would mean its products would now be 5% more expensive in January than they were a year earlier, Buhl told reporters after the company reported third-quarter results.
ZURICH (Reuters) -Geberit is seeing "significant challenges on the raw materials markets," the Swiss building supplies company said on Wednesday, as higher costs weighed on profit growth during the third quarter. The maker of piping and bathroom ceramics became the latest construction company to warn about higher expenses as the sector sees a resurgence in building activity after the pandemic shutdown last year. Geberit said its bill for raw materials surged 15.6% during the three months to the end of September, curbing operating profit growth.