Brief: Plumbing supplier Geberit expects China to remain difficult in 2024

Worley

13/03/2024 10:13

March 13 (Reuters) - Geberit AG  GEBN.S :
    * GEBERIT CEO:  QUESTION OF A NEW SHARE BUYBACK IS NOT YET
DECIDED
    * GEBERIT CEO:  THERE WAS NO BIG IMPACT FROM RED SEA
LOGISTICS
PROBLEMS, DUE TO VERY REGIONAL SUPPLY CHAINS
    * GEBERIT CEO:  CHINA MARKET IS VERY DIFFICULT AND WILL
EXPECT IT
TO BE DIFFICULT THIS YEAR
    * GEBERIT CEO:  FURTHER JOB LOSSES DEPEND ON THE VOLUME
ENVIRONMENT
    * GEBERIT CEO:  IF VOLUMES REMAIN STABLE NO NEED FOR CHANGES
TO
WORKFORCE
    * GEBERIT CEO:  IF VOLUMES GO FURTHER DOWN WE HAVE CAPACITY
TO
ADJUST, REDUCE TEMPORARY WORKERS

Source text for Eikon:  ID: 
Further company coverage:  GEBN.S 

 (Reporting by John Revill)
 ((John.Revill@thomsonreuters.com;))