Q2 2019 Geberit AG Earnings Call Transcript
Good morning. I am the Arkadin operator for this conference. Welcome to the Geberit Conference Call on The Half Year Results 2019. (Operators Instructions) And the conference is being recorded. (Operators Instructions) At this time, I would like to turn the conference over to Mr. Christian Buhl, CEO; accompanied by Mr. Roland Iff, CFO; and Mr. Roman Sidler, Head of Corporate Communications and Investor Relations. Please go ahead.
Thank you for the introduction. Good morning, ladies and gentlemen, and welcome to our Geberit's Interim Results Conference call. Geberit achieved good results in the first half of the year 2019, with a good top line growth and a further improved profitability despite the challenging business and currency environment. In the first 6 months, sales in Swiss francs achieved with CHF 1.63 billion, previous year's level. Sales in local currencies grew by 3.1%. The operating cash flow grew by 3.3% to CHF 501 million, corresponding to an EBITDA margin of 30.8% and an
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