15.9%, Geberit Achieves Highest Sales Growth Since Launch

15.9%, Geberit Achieves Highest Sales Growth Since Launch

Geberit recently announced its revenues for 2021. It achieved the strongest sales growth since its IPO in 1999. This is despite considerable challenges in the supply chain, due to positive base effects and a renovation boom from the rebound of the epidemic blockade, as well as a real estate pull. Compared to 2020, it posted a 15.9% increase in net sales to CHF 3.46 billion ($24.15 billion). Compared to 2019, the increase was 16.7%. The EBITDA margin for 2021 is expected to be approximately 31%.

Net sales in the fourth quarter amounted to CHF 773 million, up 6.7 percent from the previous quarter and 6.7 percent year-on-year. The growth was driven by a pull effect from price increases. Compared with the fourth quarter of 2019, net sales increased by 14.1%.

In 2021, net sales in Europe grew by a very strong 14.3% on a currency-adjusted basis, with Geberit holding the largest market share in the region.

Among these core markets, Italy grew 25.4%; Austria and Germany 19.9% and 11.9%, respectively; Benelux 14.0%; Switzerland 7.5%; Eastern Europe 25.4%; the Iberian Peninsula 25.1%, France 14.9% and UK/Ireland 13.0%; and Northern Europe 7.9%. Outside of Europe, Far East/Pacific 28.8%; the Middle East/Africa 25.7%; and the U.S. 5.1%.

By category, concealed flush systems grew 18 percent, plumbing systems grew 15.3 percent, and sanitaryware grew 10.4 percent.