- Geberit reported first-half 2026 net sales of CHF 1,711 million, an increase of 5.9% when adjusted for currency effects.
- The company’s operating cashflow (EBITDA) rose 3.0% to CHF 529 million for the period, achieving an EBITDA margin of 30.9%.
- Geberit expects full-year 2026 net sales growth of 5% to 6% in local currencies and an EBITDA margin around the prior-year level.
RAPPERSWIL-JONA, Switzerland — Geberit Group reported strong financial results for the first half of 2026, driven by significant volume growth and sales price increases despite currency effects and higher material costs.
Geberit said in an emailed press release today that net sales increased by 2.8% in Swiss francs to CHF 1,711 million for the first six months of the year. Currency-adjusted net sales grew by 5.9%.
Financial Performance
Operating cashflow (EBITDA) for the first half of 2026 increased by 3.0% to CHF 529 million. This resulted in an EBITDA margin of 30.9%. Earnings per share significantly increased by 7.9% to CHF 11.09. After currency adjustments, earnings per share rose by 10.9%.
Market Outlook
Geberit noted that geopolitical risks and macroeconomic uncertainties remain high due to ongoing conflicts. Despite this, demand in the building construction industry stabilized in 2025 after sharp declines since mid-2022.
Europe is expected to see slight market growth in 2026, though not a widespread recovery. Building permits in Europe increased by 5% in the second half of 2025 and by 8% in the first quarter of 2026, indicating a positive trend for new residential construction.
The renovation business, which accounts for approximately 60% of Geberit’s sales, is also expected to develop positively. Outside Europe, market demand forecasts are mixed, with strong demand in markets like India but an anticipated decline in China due to new construction activity collapse.
Strategic Initiatives
The company aims to further expand its market position through targeted strategic initiatives for the remainder of 2026. These include growth through established and new products, investments in IT, digitalization, and artificial intelligence. Geberit also plans new marketing activities targeting end customers, architects, and designers, alongside expanding and renewing logistics capacities.
Full-Year Forecast
For the full year 2026, Geberit management expects net sales growth in local currencies of 5% to 6%. The company also forecasts an EBITDA margin around the prior-year level. Management noted that the EBITDA margin in the second half of the year is typically lower than in the first half due to seasonal factors.