Q2 2021 Geberit AG Earnings Call Transcript
Good morning. I'm the Arkadin operator for this conference. Welcome to the Geberit Conference Call on the Half Year Results 2021. (Operator Instructions) The conference is being recorded. (Operator Instructions) This call must not be recorded for publication of broadcast. 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, sir.
Thank you for the introduction. Good morning, ladies and gentlemen, and welcome to Geberit's interim conference call. Geberit achieved, in an exceptional first half of the year, extraordinary results with strong growth rates and record profitability levels. Net sales grew by 23% in local currencies, the strongest growth since the IPO 20 years ago.
EBITDA grew by 36%, and the EBITDA margin reached a new record level of 34.2% 270 basis points above last year's level. Driven by the strong top
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