Plumbing supplier Geberit's quarterly sales above estimates

Geberit AG

06/05/2025 06:12

May 6 (Reuters) - Building materials supplier Geberit GEBN.S reported a nearly 5% increase in its first-quarter sales on Tuesday and said it expects conditions in the European construction sector to 'stabilise' in 2025.

Geberit, a maker of toilets, bathroom ceramics and piping, reported sales of 878.5 million Swiss francs ($1.07 billion) for the quarter, up 4.9% from a year earlier and above analysts' expectations of 869 million francs, according to a poll by newswire AWP.

The company reported a core profit (EBITDA) of 276.9 million Swiss francs for the quarter, a 0.7% increase from a year earlier, but slightly below the 280 million francs expected in the AWP analyst poll.

($1 = 0.8225 Swiss francs)

 (Reporting by Anastasiia Kozlova in Gdansk; Editing by Sherry Jacob-Phillips)

 ((Anastasiia.Kozlova@thomsonreuters.com;))