March 14, 2017 / 6:15 AM / 8 months ago

Geberit announces share buyback after posting 30 pct profit rise

ZURICH, March 14 (Reuters) - Toilet and plumbing materials supplier Geberit reported a 30 percent increase in annual net profit on Tuesday and said it would launch a 450 million Swiss franc ($446.87 million) share buyback later this year.

Annual net profit rose to 548.2 million francs, from 422.4 million francs a year earlier, the Swiss company said, missing forecasts of 557 million francs in a Reuters poll.

The company had previously reported annual sales of 2.8 billion francs for 2017, 8.3 percent higher than a year earlier.

$1 = 1.0070 Swiss francs Reporting by John Revill

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below