Q4 2022 Geberit AG Earnings Call Transcript
Good morning, ladies and gentlemen. Welcome to our analyst conference here in the room and also at the webcast. As you can see, unfortunately, I'm alone today. Tobias Knechtle is unable to be with us today due to a death case in his family. And there are sometimes in life priorities, and that's clear now the priorities with his family and not the conference today. He's fine, all good. He's just not joining today.
So I will present today on my own, and the presentation is structured as follows and as usual. First, I will start with an overview of 2022, and we'll then comment on the sales development and now also on the financial results. Thereafter, I will talk about the outlook for the year in terms of market, but also Geberit and then I'll finish with a summary.
Let me start with our key figures. 2022 was a very challenging year for Geberit. However, we managed to deliver good results after the record year of 2021. Net sales grew in local currencies by 4.8%. EBITDA declined from the historical record high
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