Q1 2020 Geberit AG Earnings Call Transcript
Good morning. I am the entity operator for this conference. Welcome to the Geberit conference call on the first quarter results 2020. (Operator Instructions) The conference is being recorded. (Operator Instructions) This call must not be recorded for publication or 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, sirs.
Thank you for the introduction. Good morning, ladies and gentlemen, and welcome to our conference call on our Q1 results. Geberit delivered in a challenging environment, very good results in the first quarter.
Let me start with a few key statements. Net sales grew in local currency by 1.5% despite the negative impact from the COVID-19 pandemic since March. The profitability further increased and all operating results on EBITDA, EBIT, net income and EPS level grew in local
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