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Business and Financial Review
Outlook 2006
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Geberit is confident to successfully master the market challenges again in 2006. This belief is based on various framework conditions. The Company largely generates its sales and earnings in Germany, Northern Italy, Switzerland and Austria. From an overall economic point of view, these markets are expected to experience a moderately positive growth and, in particular, a satisfactory environment for the construction industry. This should be reflected accordingly in Geberit’s sales.
In addition to these major markets, growth is increasingly driven by markets such as the United Kingdom, France, Scandinavia, Spain, Eastern Europe, the Middle East and Asia where the current market penetration and product range offer further growth potential. Therefore, the Geberit growth story is likely to be continued. The slowdown of the US economy, forecast for the second half-year 2006, should only have a minor impact on the Company’s development due to the limited direct correlation.
With respect to cost of materials, Geberit expects the prices of raw materials relevant to the Company to remain on a high level.
With a powerful and market-oriented organization, experienced and highly motivated executives and employees as well as many new product ideas, Geberit wants to continue its close and trusting cooperation with its market partners in both the commercial and trade sectors in the future.
In summary, Geberit is convinced that it will be able to build on its past success in the current year 2006. The Company expects solid sales growth, operating results on the high level of previous years and a marked increase in earnings per share.
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| © 2006 Geberit AG - All rights reserved. Please read our legal information. |
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