Geberit: Convincing first half of the year”

Geberit: Convincing first half of the year”

The company speaks of a “convincing first half of 2025”: The listed Geberit Group achieved solid results in a difficult economic environment in the first months of 2025.

Strong volume growth

Net sales rose by 1.7 percent to 1,665 million Swiss francs (CHF) in the first half of 2025. The increase was due to strong volume growth. “This is due to the continued very positive development of newly launched products and growth in most European countries/regions,” said the company.

Operating cash flow (EBITDA) fell by 0.7 percent to CHF 514 million. The EBITDA margin fell by 70 basis points to 30.9 percent compared to the same period in the previous year - primarily due to one-off costs (2024: 31.6 percent). The net result fell by 3.3 percent to CHF 339 million, which corresponded to a net return on sales of 20.3 percent (previous year 21.4 percent).

Geberit is cautious for the year as a whole: “Overall, the global economy will continue to be exposed to considerable uncertainty in the second half of 2025. While Europe is still faced with subdued growth prospects, the additional US tariffs could have a negative impact on economic development in the USA and that of the global economy,” it says.

The company management still believes that Geberit is well positioned "to further expand its market position. This assessment is based on the stable and long-term strategy, the proven business model with strong customer relationships and the industry-leading financial stability." For the full year 2025, Geberit expects net sales growth in local currencies of around 4 percent and an EBITDA margin of around 29 percent. Due to seasonal factors, the EBITDA margin in the second half of the year is below that in the first half of the year.