Geberit said it expected 2019 to be a 'challenging' year, citing incre...
The logo of shower toilet and plumbing supplies maker Geberit is seen at its headquarters in Rapperswil-Jona, Switzerland October 30, 2018. REUTERS/Arnd Wiegmann
Brexit, Italian political risks and a shortage of fitters in Germany were all cited by the group as downward factors by the Swiss company whose results are often seen as an indicator for the health of the broader construction sector. The plumbing materials supplier said net profit rose 9.3 percent to 192 million Swiss francs , beating analyst expectations for 175 million francs in an Infront Data poll.
Geberit said its profits were helped by lower raw material prices, higher sales volumes and by selling more of its profitable products, which include shower toilets.
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