Geberit shares drop on profit-taking, Q1 volumes uncertainty

Geberit AG

15/01/2026 11:30

** Geberit shares fall 4.3%; analysts point to profit-taking and some uncertainties surrounding Q1 volumes expectations

** CEO says "disproportional" December wholesalers' purchases boosted Q4, with sales beating analysts expectations slightly

** "I think the wholesaler comment made some people worry ... but it's not that you have to be worried about Q1 or that this Q4 is eating a lot into Q1," says Christian Arnold, analyst at ODDO BHF

** Arnold also flags market concerns over increased capex and the company's cautious outlook

** Martin Huesler from Zuercher Kantonalbank adds investors are selling after a strong run, slightly increased cost indications for 2026 and Q4 revenue growth driven partially by retailers restocking inventories

** Geberit shares rose 20.4% over 2025, and up to the previous session's close were up 2.9% YTD

(Reporting by Danny Callaghan and Bernadette Hogg)

((danny.callaghan@thomsonreuters.com))