Geberit Ag · SIX:GEBN
Geberit — Q1 2024 Earnings Presentation
7 slides from Geberit's earnings presentation, May 7, 2024
Slide 1: Q1 2024 Results
Q1 2024 Results Christian Buhl, CEO Tobias Knechtle, CFO May 7, 2024
Slide 2: Key figures Q1 2024
Key figures Q1 2024 Net sales growth (in CHF) Net sales growth (c.a.) -6.2% -1.4% • Strong negative currency development • Net sales currency adjusted slightly below previous year EBITDA margin Net income growth (c.a.) • EBITDA margin stable on high level 32.8% -5.3% • Currency adjusted decline of n
Slide 3: Net sales Q1 2024
Net sales Q1 2024 Variance to PY CHF million Net sales % CHF % c.a. Geberit Group 837 -6.2% -1.4% By regions • Net sales decline in local currencies Europe 750 -5.8% -2.0% − Volume/mix effect: around -2% America 26 +0.4% +6.2% − Price effect: around +1% Far East / Pacific 24 -1.6% +6.8% • Europe: We
Slide 4: Key figures Q1 2024
Key figures Q1 2024 Variance to PY CHF million Q1 2024 Q1 2023 % CHF % c.a. Net sales 837 893 -6.2% -1.4% • Strong negative currency effect on all P/L items EBITDA 275 296 -7.0% -0.5% Margin 32.8% 33.1% • Stable EBITDA and EBIT in local currencies EBIT 239 259 -7.5% -0.6% • Decrease of net income an
Slide 5: EBITDA margin Q1 2024 – Stable margin
EBITDA margin Q1 2024 – Stable margin -2.8% +3.6% 33.1% -0.6% 32.8% -0.5% EBITDA Volume and Price effects, Other cost Currency effect EBITDA margin Q1 2023 product mix effect net1 effects margin Q1 2024 • Negative operating leverage from slight volume decline • Positive net price effect due to lower
Slide 6: Direct material prices – Strong tailwind in Q1 due to peak prices in Q1 23
Direct material prices1 – Strong tailwind in Q1 due to peak prices in Q1 23 Geberit: Monthly direct material prices1 (currency adj.) Index: Jan 2021 = 100 2023 2024 135 • Stabilization of direct material prices in Q1 2024 − -9% vs. Q1 2023 130 − -2% vs. Q4 2023 • Expected direct material prices in Q
Slide 7: Disclaimer
Disclaimer While Geberit is making great efforts to include accurate and up-to-date information, we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this handout and disclaim any liability for the use of it. The statements