Geberit AG (GEBN.S)
LONDON European shares ended a choppy session lower on Tuesday, failing to benefit from a positive open on Wall Street as they buckled under the weight of disappointing earnings and data showing the euro zone economy grew less than expected in the third quarter.
LONDON, Oct 30 European shares ended a choppy session lower on Tuesday, failing to benefit from a positive open on Wall Street as they buckled under the weight of disappointing earnings and data showing the euro zone economy grew less than expected in the third quarter.
* Says fundamentals solid for building sector, no overall decline
* GEBERIT CEO SAYS SEES NO SIGNS OF BROAD DOWNTURN IN BUILDING INDUSTRY
ZURICH, Oct 30 Geberit lowered its full year sales outlook, the shower toilet and plumbing supplies maker said on Tuesday, saying it was seeing slightly more cautious conditions in the building industry.
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.
ZURICH, Aug 14 Geberit said it still expects the recovery in the European construction market to continue as the plumbing supplier on Tuesday reported a near two-thirds increase in second quarter earnings.
ZURICH, Aug 14 Geberit reported a near two thirds increase in second quarter earnings on Tuesday as the Swiss plumbing supplier overcame higher raw materials prices for plastics and industrial metals it uses in its products.