Geberit the European market leader for sanitary products had a difficult yearGeberit the European market leader for sanitary products had a difficult year

Jona, Switzerland — Geberit Group said Wednesday it had a challenging year in 2023 due to lower volumes in the building construction industry and a shift in demand from sanitary to heating solutions.

“An extremely difficult year is behind the Geberit Group”, the company said in a press release.

Despite this, they managed to increase operating margins through operational flexibility and cost management.

In 2023, net sales decreased by 9.1%, but operating cash flow increased by 1.4%. Geberit remains a leading supplier of sanitary products.

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By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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