(News Bulletin 247) – The Geberit Group today presented its results for 2022 and recognizes ‘a very difficult business year’. For the group, the war in Ukraine, the sharp increase in inflation around the world, the costs of raw materials and energy and the evolution of exchange rates had an extremely negative impact on the results.
‘Given these conditions and the records set the previous year, Geberit was nevertheless able to post good results in 2022’, puts the group into perspective.
In 2022, the net sales of the Geberit Group decreased by 2.0% to 3.392 million Swiss francs.
Operating cash flow (EBITDA) decreased by 15.0% to 909 million Swiss francs, corresponding to an EBITDA margin of 26.8%.
Compared to operating results, net income decreased less than proportionally, by 6.5%, to 706 million Swiss francs. This corresponds to a net sales return of 20.8%.
The accelerated share buyback program had a positive effect on earnings per share, which fell only 4.0% to 20.48 Swiss francs. In local currencies, earnings per share increased by 4.7%.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
