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In 2005, the Geberit share price again experienced a
satisfactory development. After a successful start, rising
from CHF 832 at the year-end 2004 to approximately
CHF 950 by mid-February, the share price gradually
declined to below CHF 800. In the wake of the increasingly
more positive interim results from the 2nd quarter
onwards, the share price recovered markedly and closed
at CHF 1,040, a 25 % increase over the entire year
under review. Compared to that, the Swiss Performance
Index (SPI) rose by 36 % and thus for the first time in
several years outperformed the Geberit share. The average
increase in the value of the Geberit share over
the last three years amounted to a satisfactory 38%
(SPI 21%). The market capitalization of the Geberit
Group reached CHF 4,326 million as of the end of 2005.
Management resolved to implement a share buyback in
2006. Shares in an aggregate amount of up to CHF 200
million are to be repurchased via a separate trading line,
deducting the withholding tax. As of today, no decision
has been made with respect to the use of such repurchased
shares. Possible options are a capital reduction,
acquisitions or a resale.
The Geberit shares are listed on the Swiss Exchange
(SWX) but may also be traded in the over-the-counter
markets of the Frankfurt, Baden-Württemberg, Munich
and Berlin-Bremen stock exchanges.
At the end of 2005, the free float, as defined by SWX,
was 100%.
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Waterways
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