Overview
Switzerland sanitary products supplier's annual net sales rose 2.5%, net income stable yr/yr
Operating margin slightly lower due to one-off plant closure costs
Free cashflow increased 7.4% for the year
Outlook
Company did not provide specific guidance for the current quarter or full year
Result Drivers
NEW PRODUCTS - Co said newly introduced products contributed to sales growth
MARKET EXPANSION - Broad-based growth in markets supported sales increase
EFFICIENCY IMPROVEMENTS - Efficiency gains helped offset margin pressure from one-off plant closure costs
Company press release: ID:nEQ642dska
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
CHF 598 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 8 "hold" and 8 "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy."
Wall Street's median 12-month price target for Geberit AG is CHF591.00, about 4.8% above its March 11 closing price of CHF563.80
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 31 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)