United Kingdom

Geberit AG (GEBN.S)

GEBN.S on Virt-X Level 1

20 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Geberit CEO says lower 2017 sales outlook does not affect mid-term sales guidance of 4 - 6 percent growth
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Geberit Ag :Geberit CEO says sees declining construction market in U.K driven by Brexit uncertainty hitting non-residential projects.Geberit CEO says fourth quarter will be challenging due to tough comparisons with q4 2016.Geberit CEO says doesn't plan any extraordinary price increases due to raw materials price rise.Geberit CEO says we don't expect a margin uplift in the fourth quarter.Geberit CEO says more positive on U.K. Residential sector than non residential sector in 2017.Geberit CEO says shortage of installers in Germany remains an issue, expects downselling problem to fade.Geberit CEO says lower 2017 sales outlook does not affect mid term sales guidance of 4 - 6 percent growth.Geberit CEO says would consider extraordinary price increase in Switzerland next year to deal with franc weakening.  Full Article

Geberit says installer bottleneck in Germany won't be solved this year
Thursday, 17 Aug 2017 

Aug 17 (Reuters) - Geberit Ag :Geberit CEO says expects raw material prices in 2017 to be substantially above previous year level.Geberit CEO says installer bottleneck problem in germany won't be resolved in next half year.Geberit CEO says had relatively good month in july, gives confidence for fy sales guidance.Geberit CEO says not planning extraordinary price increases due to higher raw material costs.Geberit CEO says weaker Swiss franc will not have relevant impact on margin in 2h.Geberit CFO says weaker swiss franc will help the company's bottom line.Geberit CEO says portfolio clean up and site network review is done.  Full Article

Geberit CEO says German market sustainable, too early to say on France, Italy
Tuesday, 16 Aug 2016 

: Geberit CEO Christian Buhl says demand in German construction market is sustainable because of low interest rates, economic growth, population increase . Geberit CEO says too early to say if France, Italy recovery is sustainable . Geberit CEO says believes company can outperform the construction market . Geberit CEO says share buybacks not being discussed, priority to pay down debt .Geberit CEO says cautious on UK but sees no short term impact of Brexit; weakened sterling affects profitability of UK business.  Full Article

Geberit says selling Koralle Group to AFG Arbonia-Forster
Wednesday, 29 Jun 2016 

Geberit AG : Is selling Koralle Group to AFG Arbonia-Forster-Holding AG, effective 1 July 2016 . The provider of shower enclosures, which primarily operates in the Swiss, German And Austrian markets, generated net sales of around eur 40 million in 2015 with a workforce of 240 .Both contracting parties have agreed not to disclose the purchase price.  Full Article

Geberit to propose dividend of CHF 8.40
Tuesday, 15 Mar 2016 

Geberit AG:Dividend of 8.40 Swiss francs will be proposed, which is slightly higher (up 1.2 percent) than in the prior year.  Full Article


European shares edge higher as cyclicals back in favor

LONDON European shares notched up modest gains on Thursday, led higher by a fresh rise for so-called cyclical stocks while company updates and ratings changes from brokers spurred moves among individual names.