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Geberit sales rise at strongest pace in 22 years -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Geberit’s logo can be seen at Rapperswil Jona headquarters, Switzerland on October 30, 2018. REUTERS/Arnd Wiegmann/File Photo

ZURICH (Reuters – Geberit announced a 6.7% increase in its fourth quarter sales on Thursday as the Swiss construction supplies manufacturer said. This was in line with the continued rise in the construction market towards 2021.

The company’s ceramic and piping products are sold by plumbers. Fourth quarter sales increased to 773 Million Swiss Francs ($845.18M) from 724 Million a year ago.

An increase of 16% in annual sales to 3.46 Billion Francs (from 2.99 Billion in 2020) was achieved by the performance. Since 1999, when the company was listed on the stock exchanges, the sales growth has been the highest.

($1=0.9146 Swiss francs)

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