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Geberit AG (GEBN.S)

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Latest Key Developments (Source: Significant Developments)

Geberit Mid Term Sales Growth Target Of 4 To 6 Percent Is Still Valid, No Guidance Yet For 2018
Thursday, 18 Jan 2018 03:25am EST 

Jan 18 (Reuters) - Geberit Ag ::GEBERIT CEO SAYS SEES FAVOURABLE CONSTRUCTION MARKET EUROPE IN 2018.GEBERIT CEO SAYS EXPECTS DECLINING CONSTRUCTION MARKET IN BRITAIN IN 2018.GEBERIT CEO SAYS RAW MATERIAL PRICES ARE EXPECTED TO BE ABOVE Q4 2017 DUE TO HIGHER PLASTIC AND METAL PRICES.GEBERIT CEO SAYS WILL HAVE HIGHER THAN NORMAL ANNUAL PRICE INCREASE IN SWITZERLAND DUE TO WEAKER SWISS FRANC.GEBERIT CEO SAYS DOES NOT EXPECTS ANY MATERIAL IMPACT FROM CARILLION COLLAPSE IN BRITAIN.GEBERIT CEO SAYS MID TERM SALES GROWTH TARGET OF 4 TO 6 PERCENT IS STILL VALID, NO GUIDANCE YET FOR 2018.  Full Article

Geberit CEO says lower 2017 sales outlook does not affect mid-term sales guidance of 4 - 6 percent growth
Tuesday, 31 Oct 2017 04:46am EDT 

Oct 31 (Reuters) - Geberit Ag :Geberit CEO says sees declining construction market in U.K driven by Brexit uncertainty hitting non-residential projects.Geberit CEO says fourth quarter will be challenging due to tough comparisons with q4 2016.Geberit CEO says doesn't plan any extraordinary price increases due to raw materials price rise.Geberit CEO says we don't expect a margin uplift in the fourth quarter.Geberit CEO says more positive on U.K. Residential sector than non residential sector in 2017.Geberit CEO says shortage of installers in Germany remains an issue, expects downselling problem to fade.Geberit CEO says lower 2017 sales outlook does not affect mid term sales guidance of 4 - 6 percent growth.Geberit CEO says would consider extraordinary price increase in Switzerland next year to deal with franc weakening.  Full Article

Geberit appoints Martin Ziegler head of operations
Monday, 4 Sep 2017 12:14pm EDT 

Sept 4 (Reuters) - Geberit AG :Geberit AG: the board of directors of Geberit AG has appointed Martin Ziegler as the new head of operations and a member of the group executive board .  Full Article

Geberit CEO says company committed to 50 to 70 pct payout ratio
Tuesday, 14 Mar 2017 05:11am EDT 

Geberit Ag Christain Buhl said the plumbing supplies and shower toilet maker remains committed to a payout ratio of 50 percent to 70 percent. : Geberit CEO says most of synergies from sanitec acquisition acquisition achieved . Geberit CEO says declines comment on business at start to the year . Geberit CEO says sees growth in many european markets, sees no disturbance to business from elections . Geberit CEO says shortage of installers remains in Germany, not getting worse . Geberit CEO says buyback launched because company is and remains very cash generative . Geberit CEO says abolition of Obamacare in U.S. Could lead to uncertainties in hospital investments .Geberit CEO says nothing is planned on acquisitions.  Full Article

Geberit says Regi Aalstad to step down from board of directors
Tuesday, 31 Jan 2017 01:03am EST 

Geberit AG : Says Regi Aalstad to step down from the Geberit board of directors . Will step down at next general meeting in April 2017 .Says search for a successor has begun.  Full Article

Geberit CEO sees favourable construction market in Europe in 2017
Tuesday, 17 Jan 2017 04:22am EST 

Geberit Chief Executive Christian Buhl said he saw a favourable construction market in Europe during 2017. : Geberit CEO says he is confident on construction market in Germany in 2017 . company is focusing on organic growths, needs 150m Swiss francs for capex over next 2 years, additional cash will go to shareholders . plans to increase prices by 1 percent in 2017 . in midterm aiming for ebitda margin of 28 to 30 percent - says this is sustainable . aims for double digit growth in shower toilets in 2017; helped by new product from april . no share buybacks planned, sticks to pay out policy . very difficult to say about consequences of hard Brexit; more confident for uk residential market than for non residential market . increased UK prices in December to compensate for weaker pound, will review the exchange rate . looking at bolt ons acquisitions in product and innovation areas rather than geographies .aiming for double digit sales growth in shower toilets in 2017.  Full Article

Geberit eyes price hikes in Turkey to counter currency devaluation

ZURICH, Aug 14 Swiss group Geberit will consider raising prices for its piping and plumbing products in Turkey to counter the massive recent devaluation of the Turkish lira, Chief Executive Christian Buhl said on Tuesday.