Oct 31, 2024 / 08:00AM GMT
Christian Buhl - Geberit AG - CEO
Introduction and good morning. Ladies and gentlemen, welcome to Geberit nine month results conference call.
We will start with the third quarter figures then comment on the nine month development and finish as usual with an outlook favorite delivered strong top and bottom line results in Q3. Despite continued challenging market conditions, net sales grew in local currencies by 6% every day margin increased by 40 basis points despite the substantial wage inflation and less tailwind from lower direct material prices in Q3 EPS grew currently adjusted by 8% despite the significantly higher tax rate.
Let me now give you some comments on the sales development in the third quarter.
Net sales increased by 5% and reached CHF762 million.
The currency impact affected the top line negatively by CHF10 million or minus 1%.
Hence in local currencies group net sales increased by 6% all driven by volume volume benefited from a base effect due to wholesaler de stocking in the previous year and one additional working day.
However,
Q3 2024 Geberit AG Earnings Call Transcript
Oct 31, 2024
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