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Geberit AG (GEBN.S)

GEBN.S on Virt-X Level 1

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Tue, Oct 31 2017

BRIEF-Geberit CEO says lower 2017 sales outlook does not affect mid-term sales guidance of 4 - 6 percent growth

* Geberit CEO says sees declining construction market in U.K driven by Brexit uncertainty hitting non-residential projects

UPDATE 1-Geberit expects 2017 sales to grow towards low end of guidance

ZURICH, Oct 31 Geberit expects its full-year sales to rise by 3 percent, the low end of its previous guidance, the plumbing supplies maker said on Tuesday while reporting weaker-than-expected sales in the third quarter.

Geberit expects 2017 sales to grow towards low end of guidance

ZURICH, Oct 31 Geberit said it expected its full-year sales to improve by three percent, the plumbing supplies maker said on Tuesday, after reporting weaker-than-expected sales in the third quarter.

BRIEF-Geberit appoints Martin Ziegler head of operations

* Geberit AG: the board of directors of Geberit AG has appointed Martin Ziegler as the new head of operations and a member of the group executive board Source text for Eikon: http://www.geberit.com/files/media-releases/2017/media-release-geberit-group-executive-board-martin-ziegler-2017.pdf Further company coverage: (Reporting By Zurich newsroom)

UPDATE 2-Toilet maker Geberit's German sales blockage sends stock plunging

* Upbeat on prospects for construction market in 2017 (Updates with CEO's comment, share price reaction, analysts)

BRIEF-Geberit says installer bottleneck in Germany won't be solved this year

* Geberit CEO says expects raw material prices in 2017 to be substantially above previous year level

Geberit highlights positive construction market after Q2 miss

ZURICH, Aug 17 Geberit said positive demand from the construction industry would help it improve its full-year sales by 3 to 4 percent after the toilet and plumbing supplies maker missed forecasts during its second quarter.

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