Q1 2022 Geberit AG Earnings Call Transcript
Good morning. I am the NTT operator for this conference. Welcome to the Geberit conference call on the first quarter 2022. (Operator Instructions) The conference is being recorded. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Christian Buhl, CEO, accompanied by Mr. Tobias Knechtle, CFO; and Roman Sidler, Head of Corporate Communications and Investor Relations. Please go ahead, sir.
Thank you for the introduction, and good morning, ladies and gentlemen, and welcome to our conference call on our Q1 results. Geberit had a good start into the year. Let me start with the key statements for the first quarter.
We achieved an extraordinary strong sales growth in local currencies of 13% despite a very strong comparison basis. Secondly, significant headwinds from the unfavorable currency development led to a strong negative net sales impact of minus 5.2%. Thirdly, the unprecedented surge of raw material and energy prices led to a
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