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Business and Financial Review
Prudent acquisition policy
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No enterprises were added to the scope of consolidation of the Geberit Group in the year under review. However, adjustments to the product portfolio were made in combination with minor company sales.
As set forth already in the 2004 Annual Report, Blücher Metal ApS (DK), which had been acquired in connection with the Mapress acquisition in 2004, was resold due to a lack of synergies mainly in the sales channel and business model areas. This transaction with Danish investors was completed in the first quarter 2005 with retroactive effect as of 1 January 2005. The Blücher drainage product range contributed CHF 63.1 million to Group sales in 2004.
In connection with the disinvestment of the Underground Piping Systems product line, the company Deriplast S.p.a. (IT) was split up. The Underground Piping Systems segment was sold to private investors. However, the production of PE pipes and acoustic-optimized pipes as well as special piping components remained with Geberit and will be continued at the former location within the Building Drainage Systems product line. Thus the disinvestment of the Underground Piping Systems product line was successfully finalized as of the end of 2005 as planned. 2005 Group sales included CHF 39.9 million relating to the disinvested operations.
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| © 2006 Geberit AG - All rights reserved. Please read our legal information. |
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Waterways
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