Q4 2018 Geberit AG Earnings Call Transcript
Good morning, ladies and gentlemen. Welcome to our analysts' conference. I would also like to welcome those who are viewing this conference via webcast. Together with Roland Iff, I'm pleased to present to you our full year 2018 results.
Our presentation is structured as follows. First, I will give you an overview of 2018 and comment on the sales developments. Roland Iff will then present the financial results. Thereafter, I will give you an update on the outlook for the building construction industry and the perspectives for Geberit. We will then summarize and take your questions. Let me start with our key financial figures in 2018.
The Geberit Group achieved good results in 2018. Sales increased by 5.9% to a record level of CHF 3.1 billion. The increase in local currencies reached 3.1%. The EBITDA margin remained with 28.2% on previous year's level despite substantial cost inflation from higher raw material prices and personnel tariffs.
Adjusted net income increased by 3.7% to CHF 626 million,
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