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Geberit AG (GEBN.S)

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Thu, Jan 18 2018

German labour shortage, refugee factor weigh on Geberit sales growth

ZURICH A shortage of qualified fitters and the use of cheaper installations in homes built for refugees in Germany weighed on Geberit's sales growth in 2017, the company said on Thursday.

UPDATE 2-German labour shortage, refugee factor weigh on Geberit sales growth

* Sees no more impact from refugees homes in Germany (Adds CEO comments, analysts)

BRIEF-Geberit Mid Term Sales Growth Target Of 4 To 6 Percent Is Still Valid, No Guidance Yet For 2018

* GEBERIT CEO SAYS SEES FAVOURABLE CONSTRUCTION MARKET EUROPE IN 2018

Geberit reports 2017 sales in line with expectations

ZURICH, Jan 18 Geberit boosted 2017 sales 3.5 percent, the shower toilet and plumbing products maker said on Thursday, helped by strong growth at the end of the year.

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)

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