Originally Posted By Kitchener Geberit Kitchener Headlines

According to Geberit’s recently released semi-annual report, the company saw double-digit growth in almost all financial figures in the first half of 2021. Меѓу нив, sales increased by 24.9%, EBITDA (заработка пред даноци, интерес, амортизација, и амортизација) increased by 35.5%, and net income increased by 46.1%. But the second-quarter sales growth was the largest single-quarter increase since the company went public, and Geberit said one of the reasons for the profit growth was the price increase. It is reported that the company has recently opened price increases in some markets, from its first-half results, the current round of price increases have achieved significant results.

First-half sales of about RMB 13 милијарди долари

On August 19, local time, Geberit released its report for the first half of 2021. Од јануари до јуни, Geberit achieved sales of CHF 1.833 милијарди долари (приближно јени 13.014 милијарди долари), зголемување на 24.9% over sales in the first half of 2020 during the outbreak period, и 12.7% over the same period in 2019. In particular, sales in the second quarter reached CHF 924 милиони (приближно јени 6.560 милијарди долари), зголемување на 37.8% year-on-year and the largest single-quarter increase since Geberit’s launch.

By region, among the four major markets, the Middle East/Africa, Азија Пацифик, and Europe all achieved double-digit growth, нагоре 54.6%, 41.6% и 24.4% соодветно, while the US grew by 5.7%. Adjusted for currency effects, Geberit achieved double-digit growth in all major global markets in the first half of the year. The market with the largest share of Geberit sales is still reported to be Germany, сметајќи за 32% of the company’s global sales. As a comparison, the Middle East/Africa, Азија Пацифик, and the United States account for only 2%, 3% и 3% of total sales, with high potential for growth.

In terms of products, among the total sales of CHF 1.833 милијарди долари, installation/flushing systems, plumbing systems and bathroom systems contributed CHF 699, 561 и 574 million respectively, all representing an increase of more than 23%. It is understood that, although Geberit’s category is roughly divided into 3 major systems, in fact, each system contains a very rich subdivision of products. На пример, the bathroom system contains sanitary ceramics, bathroom cabinets, тушеви, bathtubs, faucets and control devices and other products, the plumbing system includes water, греење, gas and other media piping products. The installation/flushing system is a category in which Geberit has core technology and is the most important product for Geberit.

Net profit increased by 46.1%.

Product price increases were the driving factor

In terms of profit, Geberit achieved an EBITDA of CHF 626 милиони во првата половина од годината, нагоре 35.5% од година во година. The net profit was CHF460 million (RMB3.266 billion), нагоре 46.1% од година во година, and Geberit said the profit growth was driven by volume effects and sales price increases.

In the report, Geberit made several references to raw material prices. According to Geberit’s publicly available data, the price of raw materials fell slightly since the outbreak in April 2020 and continued to rise slightly from July of the same year. By December 2020, it began to rise significantly. The year-end price for 2020 was Price Index 100, and in July 2021 the Price Index had risen to 114, i.e. a 14% price increase from the end of last year. Currently, it is also maintaining a large increase, and Geberit expects raw material prices in the third quarter of 2021 to increase by another 6 percentage points from the second quarter.

Geberit uses higher product selling prices to offset raw material price increases. Неодамна, Geberit raised product prices in some markets. In its previous earnings report, Geberit also stated that the increase in profit was due to price increases. As of June 1, 2021, Geberit also increased product prices in the U.S. market by 3.5%. Looking at the net profit figures for the first half of the year, it is clear that the current round of price increases has had a positive effect on Geberit’s management and investors.

Прилог: Geberit’s year-to-date milestones

In February, Geberit was rated by Vanke as a B-rated supplier for the same floor drainage, the highest grade in the category, while another brand on the list was only rated as qualified.

In March, Geberit made an announcement that Hartmut Reuter, an independent director of the company, would resign. His replacement as an independent director is Thomas Bachmann.

In May, Geberit exhibited at the Shanghai Kitchen & Bathroom Show under the theme “Precision Water Supply and Drainage, Healthy New Bathroom”. It presented a wide range of front and back-of-wall products, including the Chinese debut of the Geberit One series.

In May, Geberit USA announced a 3.5% price increase, effective June 1.

In June, Geberit announced the discontinuation of Ifö branded products in the Norwegian market from January 2022, focusing instead on Geberit and Porsgrund. the main Ifö branded product range will be succeeded by the Porsgrund brand.

In July, Geberit appointed Tobias Knechtle as the group’s CFO. He will join the company on November 1, 2021, and will succeed the current CFO Roland Iff from January 1, 2022.

In August, First Financial aired a major series “Shanghai City Renewal”. This is said to be the story of Geberit’s contribution to “Sustainable Building Development, the Road to Urban Renewal”.