|Bid||436.50 x 100|
|Ask||444.20 x 63800|
|Day's range||437.50 - 444.10|
|52-week range||405.60 - 486.90|
|PE ratio (TTM)||29.39|
|Earnings date||14 Aug 2018|
|Forward dividend & yield||10.40 (2.34%)|
|1y target est||457.92|
Shower toilet and plumbing supplies maker Geberit (IOB: 0QQ2.IL - news) overcame rising raw material prices during its first quarter to report operating profit in line with expectations. The Swiss company on Thursday reported adjusted operating profit before depreciation and amortisation of 245.4 million Swiss francs ($246.2 million) for the first three months of 2018, just ahead of the 241 million francs expected by analysts in a Reuters poll. The company, a big buyer of plastics and metals for its piping products, said it expected prices to continue their upward trend.
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Shower toilet and piping supplier Geberit (IOB: 0QQ2.IL - news) reported better-than-expected net profit on Tuesday and said it expected the overall construction industry to be "generally favourable" this year. Its 2017 net profit fell 3.8 percent to 527.4 million Swiss francs ($556.5 million), ahead of expectations for 521 million francs in a Reuters poll of analysts, as it battled higher prices for raw materials. Geberit, whose results are seen as reflecting the health of the broader building and construction market, in January reported its 2017 sales had risen 3.5 percent to 2.91 billion francs.
A shortage of qualified fitters and the use of cheaper installations in homes built for refugees in Germany weighed on Geberit's (GEBN.S) sales growth in 2017, the company said on Thursday. The Swiss sanitary products maker reported a sharp deceleration in sales growth last year as Germany -- by far its biggest market with 30 percent of its sales -- struggled. Chief Executive Christian Buhl said lower prices in Germany were a one-time effect from new apartments built to house refugees last year.