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Business and Financial Review
High profitability
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In the calendar year 2004, the Geberit Group was able to outperform the prior year’s high profitability as a result of the increase in sales, successful cost management, further productivity improvements as well as the efficient approach concerning the integration of the Mapress Group.
The operating cashflow (EBITDA), when compared with 2003, rose by +37.4% to MCHF 453.0. This corresponds to an EBITDA margin of 23.8% (prior year 23.5%). Resulting in average EBITDA growth over the last decade of +8.7%, above the same period average sales growth of +7.9%. The operating profit (EBIT) increased by +47.8% to MCHF 305.1, with the EBIT margin improving to 16.0% (prior year 14.7%).
Net income increased by +31.5% to MCHF 193.3, leading to a return on sales in 2004 of 10.1% (prior year 10.5%). Net income per share was CHF 47.23 (+30.1% above the prior year). |
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Jean Tinguely:
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