Q4 2021 Geberit AG Earnings Call Transcript
Good morning, ladies and gentlemen. Welcome to our analyst conference also via webcast. Together with Tobias Knechtle, I'm pleased to present to you our full year 2021 results.
Our presentation is structured as follows. First, I will give you an overview of 2021 and comment on the sales development. Tobias Knechtle will then present the financial results. Thereafter, I will talk about our new CO2 strategy, followed by an outlook for this year, including a status update on the current situation of our business in Ukraine and Russia. At the end of the presentation, as usual, you will have the opportunity to ask questions.
Let me start with our key figures. 2021 was an excellent year for Geberit, where we achieved record results on all levels. Net sales grew in local currencies by 14.7%. This is the strongest growth rate at least since the IPO in 1999.
EBITDA exceeded for the first time CHF 1 billion and reached CHF 1.069 billion. The EBITDA margin reached with 30.9%, almost previous year's level. The
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