is the turnover from negative currency effects in the amount of 23 million Swiss francs has been Slowed down, resulting in a sales increase of 0.9 percent to 830 million, how Geberit announced on Thursday. Organic growth was 3.6 percent. Compared to the 3 percent from the last quarter of 2018, this represents a slight acceleration in the rate of growth.

Geberit considers this growth as “encouraging”, especially as the base was from the previous year and the environment in the construction industry, overall, been positive but nevertheless challenging.

On the income level increased, Geberit stronger. The higher operating results are mainly to lower raw material prices, price increases, higher sales volumes and an improved product mix as well as efficiency gains and a high level of cost discipline. In addition, a positive effect from a Change in the IFRS accounting standard. Charged to the operating result was again of the increasing staff.

the operating profit at the EBITDA level by 6.8 per cent to 262 million francs, which corresponded to a margin of 31.6 per cent. This is 180 basis points year-on-year. Net income improved on a comparable Basis, and by 4.9 percent to 192 million. Thus, analysts ‘ expectations were exceeded on the line.

For the full year, 2019 have not changed the estimates since the publication of the results for the year 2018 in March much, it means the Outlook. It was to be expected with a challenging business environment. Generally speaking, have increased the volatility and the DIY stores have declined in each of the countries.

(SDA)