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Business and Financial Review
Higher investments
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| In 2004, investments in property, plant and equipment and intangible assets amounted to MCHF 87.8 rising by MCHF 18.0 (+25.8%) against the prior year. As a percentage of sales, the investment ratio in the period under review amounted to 4.6% and thus was slightly below the long-term average. The Mapress Group contributed MCHF 7.0 to the investment volume. Net of the acquisition, the investment ratio would have been 5.3%. |
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Expenditures for property, plant and equipment
(in MCHF) |
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87.8 |
69.8 |
59.6 |
76.6 |
66.9 |
| In % of sales |
4.6 |
5.0 |
4.7 |
6.6 |
5.5 |
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| The bulk of investments in 2004 was again required for the ongoing replacement of production facilities and the procurement of tools and equipment for new products. Substantial amounts were invested in machinery, tools and moulds for improved Mepla fittings and for the new concealed cistern for the Italian market, in new buildings or expansions at the Givisiez (CH) and Aylesford (UK) plants as well as in a new machine for the production of copper fittings at the Mapress production plant in Langenfeld (DE). |
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| © 2005 Geberit AG - All rights reserved. Please read our legal information. |
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Jean Tinguely:
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