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Aug 15 2019, 07:45 IST/BST
Geberit
No surprises in guidance, but strength of Swiss franc will hurt reported full year result
- Sectors : Building products
- Companies : Geberit
DAVY VIEW
Q2 results confirm that Geberit is on course to once again deliver a solid full year financial result. The group continues to be a reliable performer, although the recent strengthening of the Swiss franc could take circa 1.5% off reported full year EBITDA and estimates will have to adjust for this. The stock has continued to mark time as it is little changed over the past year and we expect this gradual de-rating to continue.
