* Christian Buhl to take over as CEO on Jan. 1, 2015
* Q4 net profit 75.1 mln Sfr vs 63.9 mln a year ago
* Proposes dividend of 7.50 Sfr per share, up 13.6 pct
ZURICH, March 11 Swiss sanitary equipment maker
Geberit named Christian Buhl as its new chief
executive on Tuesday as it published fourth-quarter net profit
that met expectations.
Buhl, a Swiss citizen, is currently responsible for
Geberit's market in Germany, the company's most important sales
unit accounting for 37 percent of revenue.
He will take up his new role on Jan. 1, 2015 when current
CEO Albert Baehny steps down to concentrate on his role as
The maker of toilet flushing systems said net profit rose
17.5 percent in the fourth quarter to 75 million Swiss francs
($85 million), in line with the average forecast for 73 million
in a Reuters poll.
In January, Geberit said sales rose 4.8 percent to 525
million francs, with growth in Europe, the Middle East and
Africa helping to offset a drop in sales in America and the Far
The Swiss company expects the outlook for the construction
industry to remain challenging, with volumes forecast to fall in
Europe, while uncertainty in North America should also weigh on
It is more positive about the outlook for China, Southeast
Asia and the Middle East and South Africa.
Geberit proposed a dividend of 7.50 Swiss francs per share,
an increase of 13.6 percent over the previous year.
($1 = 0.8781 Swiss francs)
(Reporting by Caroline Copley; Editing by Mark Potter)