Geberit AG (0QQ2) Q4 2024 Earnings Call

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WEBVTT 00:00:00.293 -- 00:00:04.054 Thank you for the introduction and good morning, ladies and gentlemen. 00:00:04.054 -- 00:00:08.156 Welcome to our full year sales conference call. 00:00:08.156 -- 00:00:13.417 We will first comment on our fourth quarter sales figures, then review our full 00:00:13.417 -- 00:00:19.059 year sales performance, followed by our guidance for the operational and financial results 00:00:19.059 -- 00:00:24.121 in 2024, and then finish with the outlook for this year. 00:00:24.121 -- 00:00:28.829 Let me start by giving you some comments on the sales development in the last quarter. 00:00:28.829 -- 00:00:32.632 Net sales declined by 1% and reached 00:00:32.632 -- 00:00:35.014 685 million Swiss francs. 00:00:35.014 -- 00:00:40.198 The unfavorable currency development affected net sales negatively 00:00:40.198 -- 00:00:45.261 by 40 million Swiss francs, or minus 2%. In local currencies, group 00:00:45.261 -- 00:00:47.863 net sales grew by 1%, 00:00:47.863 -- 00:00:52.907 entirely driven by volume growth. The continued volume growth in the 00:00:52.907 -- 00:00:58.225 fourth quarter is a further testament of our strong business performance last year, 00:00:58.225 -- 00:01:03.707 where most building construction markets were in sharp decline. 00:01:04.008 -- 00:01:09.050 Let me now comment on the sales development in local currencies of the regions and countries 00:01:09.050 -- 00:01:11.371 in the fourth quarter. 00:01:11.371 -- 00:01:17.033 In Europe, net sales increased by 1%, driven by growth in Central Europe, with Italy 00:01:17.033 -- 00:01:19.074 growing 6%, 00:01:19.074 -- 00:01:21.215 Benelux 5%, 00:01:21.215 -- 00:01:23.576 Germany 3%, 00:01:23.576 -- 00:01:28.508 Switzerland 1%, and Austria being stable year over year. 00:01:28.508 -- ...