Geberit AG (MEX:GEBN)
MXN 12362.23 0 (0%) Market Cap: 389.46 Bil Enterprise Value: 419.86 Bil PE Ratio: 28.89 PB Ratio: 14.59 GF Score: 69/100

Full Year 2022 Geberit AG Corporate Sales Call Transcript

Jan 19, 2023 / 08:00AM GMT
Release Date Price: MXN13111.36
Operator

Ladies and gentlemen, welcome to the Geberit Conference Call on the first information of the year 2022. I am Sandra, the Chorus Call operator. I would like to remind you that the conference is being recorded. The presentation will be followed by a Q&A session. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Christian Buhl, CEO. Please go ahead, sir.

Christian Buhl
Geberit AG - Chairman of the Group Executive Board & CEO

Thank you for the introduction, and good morning, ladies and gentlemen. Welcome to our Geberit 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 2022 and finish with an outlook for this year.

Let me start with the fourth quarter. We had a challenging fourth quarter. Net sales declined by minus 14%, negatively affected by a substantial negative currency effect of minus 6%. In local currencies, net sales

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