Q4 2020 Geberit AG Earnings Call Transcript
Good morning, ladies and gentlemen. Welcome to our analyst conference via webcast. Together, with Roland Iff, I'm pleased to present to you our full year 2020 results.
Our presentation is structured as follows. First, I will give you an overview of 2020 and comment on the sales development. Roland Iff will then present the financial results. Thereafter, I will talk about the impact of the COVID-19 crisis on our business, followed by an outlook for the building construction industry and Geberit this year. At the end of the presentation, you will have the opportunity to ask questions via chat.
Let me start with our key figures. Geberit achieved very good results in 2020. Net sales grew in local currencies by 1.3% despite the crisis also hitting the building construction industry in the second quarter. The EBITDA margin increased by 170 basis points to 31.0%. All operating and financial results increased disproportionately in local currencies, with EPS rising by 6.0%.
Free cash flow increased, for the
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