Geberit AG Annual Report 2005

Home

Geberit Group

Deutsch

Contact

Legal

Board of Directors and Group Executive Board

Management Structure

Business and Financial Review

Corporate Governance

Consolidated Financial Statements Geberit Group

Financial Statements Geberit AG

Business and Financial Review
Minor currency effects

< Previous

Next >

Accumulated currency gains contributed 0.3% to total sales growth. Thus the various currency effects were largely neutralized. Only the strengthening of the Euro against the Swiss Franc in the first six months against the prior year as well as the markedly stronger Polish Zloty made a moderately positive sales contribution.

In 2005, Geberit generated 68 % of its sales in the Euro zone. 6% of total sales were realized in US-Dollars and 5% in Pounds Sterling. The currency risk is limited as sales are matched by corresponding expenses and loan repayments in the same currencies. The remaining currency risk of approximately CHF 130 million, around CHF 55 million thereof in Euro, is partially hedged by futures.