Full Year 2023 Geberit AG Corporate Sales Call Transcript
Ladies and gentlemen, welcome to the Geberit Conference Call on the First Information of the year 2023. I am Sandra, the Chorus Call operator. (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 full year sales conference call. We will first comment on our fourth quarter sales figures, then review our full year sales performance followed by our guidance for the operational and financial results in 2023 and finish with the market outlook for this year.
Let me start by giving you some comments on the sales development in the last quarter. Net sales grew by 4% and reached CHF 694 million. The strong unfavorable currency development affected net sales negatively by CHF 28 million or minus 4%. In local currencies, group net sales grew by 8%. The growth was caused by a volume increase of around 6% and sales price increases of
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