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Geberit: resilience amidst market challenges

Geberit AG's third-quarter results for 2023 have painted a mixed picture, reflecting both strength and challenges within the company's operations and stock performance. Despite facing a challenging market environment and a decline in net sales, Geberit AG demonstrated resilience with impressive bottom-line results. The company reported a 13% growth in EBITDA and a 14% increase in EPS in local currencies, showcasing its ability to navigate through adverse conditions.

Photo © Ekaterina Kupeeva |

Having been listed on the stock exchange since 1999 and a member of the Swiss Market Index (SMI) since 2012, Geberit AG has a history of conducting share buyback programs to enhance shareholder value. The latest buyback program, announced in June 2022, aimed at repurchasing shares up to a maximum amount of CHF 650 million, continuing the company's tradition of returning value to its shareholders.

During discussions on the company's fourth-quarter sales performance, Geberit AG's CEO, Christian Buhl, highlighted a strong finish to the year with impressive net sales growth of 7.7% in local currency. The call also provided insights into the company's full-year sales performance, financial guidance for 2021, and an outlook for the upcoming year.

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