Geberit AG (GEBN.S)
15 Dec 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
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.
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.
* 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)
* Upbeat on prospects for construction market in 2017 (Updates with CEO's comment, share price reaction, analysts)
* Geberit CEO says expects raw material prices in 2017 to be substantially above previous year level
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.
ZURICH, July 13 The Swiss blue-chip SMI was seen opening 0.2 percent higher at 9,032 points on Thursday, according to premarket indications by bank Julius Baer .