Q1 2021 Geberit AG Earnings Call Transcript
Good morning. I am the AT&T operator for this conference. Welcome to the Geberit conference call on the first quarter results 2021. (Operator Instructions) And 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.
Thank you for the introduction. Good morning, ladies and gentlemen, and welcome to our conference call on our Q1 results. Geberit had an exceptional first quarter with an extraordinary strong sales growth and a record profitability level.
Net sales grew by 13% in local currencies, the strongest quarterly growth rate since more than 10 years. Profitability reached new record levels with an EBITDA margin of 34.6%, which is 200 basis points above last year's already excellent
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