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Business and Financial Review
Growth in the product areas
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Sales of CHF 1,056.6 million were generated in the Sanitary
Systems product area in 2005. This corresponds
to a 4.1% growth. As a result of disinvestments in the
product area Piping Systems (see below), the contribution
of Sanitary Systems to total sales rose to 55.0%
(prior year 53.0 %).
With a 32.6 % share in Group sales, Installation Systems,
the largest product line within Sanitary Systems,
posted a satisfactory 5.7% growth, mainly in the area
of drywall construction elements. The well-designed
actuators and the GIS (Geberit Installation System) also
made an above-average contribution to growth. Compared
to that, the Flushing Systems product line posted
a slightly below-average growth of 2.8% with a 10.4%
contribution to Group sales. The continuing shift from
visible to concealed solutions (part of the Installation
Systems product line) resulted in a decline of sales. On
the other hand, the still satisfactory business development
in the area of shower toilets as well as high sales
volumes for filling and flush valves made a positive contribution
to the growth of this product line. The Public
product line’s contribution to Group sales in 2005 continued
to be 7.0%. Sales increased slightly against the
prior year by 1.1%. Sales of Chicago Faucets products
in the USA experienced an unsatisfactory development.
However, urinal flush controls and washbasin faucets
generated an above-average sales growth. Also as a
result of the unsatisfactory US business, the Waste Fittings
and Traps product line only experienced a minor
increase by 0.6% after last year’s dramatic growth. Only
the new design-oriented washbasin siphon trap generated
good growth rates. The contribution to Group sales
was 5.0%.
The Piping Systems product area was affected by the
sale of Blücher Metal ApS (DK) and the disinvestment
of the Underground Piping Systems business. Sales in
the period under review amounted to CHF 866.3 million
which corresponds to a 2.8% decline. On the other
hand, an organic growth of 7.3% was posted. The contribution
to Group sales amounted to 45.0% (prior year
47.0 %).
Due to the above mentioned sale of Blücher Metal ApS,
sales of Building Drainage Systems decreased by
11.4%. However, after adjustments for disinvestment
effects, with 9.2% this product line generated the
strongest sales growth of all product lines. This was
supported by the entire product range and again by
the sound-absorbing Silent/db20 system. The contribution
to Group sales was 16.0%. With a contribution
to Group sales of 26.2 %, the product line Supply
Systems also recorded a satisfactory 6.2% growth. The
multilayer piping system Mepla and the Mapress product
range equally contributed to such growth. The Underground
Piping Systems product line was affected by
disinvestments. Therefore, sales decreased by 21.0%,
with the share in Group sales declining to 2.8% in line
with corporate strategy.
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| © 2006 Geberit AG - All rights reserved. Please read our legal information. |
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