Geberit Earnings: Raw Material and Energy Inflation Weigh on EBITDA Growth; Valuation Maintained
Geberit reported EBITDA growth of 4% during the third quarter, translating into a 40-basis-point decline to 30.2% if we include one-off restructuring costs in the prior year, or 90 basis points excluding one-offs. Direct material and energy prices were 8% and 33% higher, respectively.