Q3 2023 Geberit AG Earnings Call Transcript
Ladies and gentlemen, welcome to the Geberit conference call on their third quarter results 2023. I am George, the Chorus Call operator. (Operator Instructions) The conference is being recorded. (Operator Instructions)
At this time, it's my pleasure to hand over to Christian Buhl, CEO. Please go ahead, sir.
Thank you for the introduction, and good morning, ladies and gentlemen. Welcome to our 9 months results conference call. We will start with the third quarter figures, then comment on the 9-month development and we'll finish as usual with an outlook. Let me start Q3.
Geberit delivered in Q3 in the light of an extraordinary difficult market environment and a challenging top line, strong bottom line results. Despite a net sales decline in local currencies of minus 5%, all bottom line figures grew double digit in local currencies. EBITDA grew currency adjusted by 13% and EPS by 14% despite a double-digit volume decline and a substantial wage inflation. The result of
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