The Swiss sanitaryware giant’s revenue rose to CHF 2.69 billion in the first nine months of 2021, up 18.8% on the same period last year and 16.8% on 2019.
Net sales increased by 24.9% compared with the first half of 2020 and by 16.9% compared with the same period in 2019
The fresh growth in the fourth quarter of 2020 has enabled Geberit to post a year-end increase in sales after currency adjustments. EBITDA is expected to stand at around 31%.
The 5% growth in the third quarter reduces the fall in revenues in the first 9 months of 2020 to 5% (or -0.4% on a constant currency basis). Geberit expects a weaker fourth quarter, but with improved margins.
Despite a 9.8% decline in revenues and a 13.9% fall in net income, Geberit is maintaining its investments in technology and R&D