Geberit AG (0QQ2) Q1 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a0425d-66df-77c1-8447-4542e6feb37f Created: 2026-08-27T08:36:57.024Z Duration: 3245.7144 Channels: 1 00:00:00.000 -- 00:00:01.680 Good morning, ladies and gentlemen. 00:00:01.839 -- 00:00:03.600 Welcome to our Q1 00:00:03.919 -- 00:00:05.440 results conference call. 00:00:06.080 -- 00:00:08.880 Geberit had a successful start into the year 00:00:08.880 -- 00:00:10.480 2026. 00:00:10.880 -- 00:00:13.360 Let me start with the key statements for 00:00:13.360 -- 00:00:13.840 Q1. 00:00:14.915 -- 00:00:16.595 First, an encouraging 00:00:16.595 -- 00:00:19.235 net sales growth of 3.4% 00:00:19.235 -- 00:00:20.675 in local currencies, 00:00:21.074 -- 00:00:24.195 negatively affected by pre buying of wholesalers in 00:00:24.195 -- 00:00:25.394 December last year 00:00:25.715 -- 00:00:27.715 and the cold weather in Northern Europe in 00:00:27.715 -- 00:00:29.555 January and February this year. 00:00:30.510 -- 00:00:31.230 Second, 00:00:31.630 -- 00:00:33.310 stable operating margins, 00:00:33.470 -- 00:00:35.630 if one time costs from the previous year 00:00:35.630 -- 00:00:36.350 are 00:00:36.510 -- 00:00:39.070 and currency effects are excluded. 00:00:39.230 -- 00:00:40.190 And third, 00:00:40.670 -- 00:00:43.070 a growth of earnings per share of 4% 00:00:43.070 -- 00:00:45.684 in Swiss francs and 10% 00:00:45.684 -- 00:00:47.045 in local currency. 00:00:48.565 -- 00:00:50.485 Let me now comment on our net sales 00:00:50.485 -- 00:00:52.004 development in more detail. 00:00:52.565 -- 00:00:55.045 Net sales grew by 3.4% 00:00:55.045 -- 00:00:56.165 in local currencies 00:00:56.520 -- 00:00:58.680 to CHF $873,000,000, 00:00:59.800 -- 00:01:02.280 equally driven by volume and price. 00:01:03.240 -- 00:01:06.440 A stron...