Q1 2022 Geberit AG Earnings Call Transcript

May 04, 2022

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May 04, 2022 / 07:00AM GMT
Operator

Good morning. I am the NTT operator for this conference. Welcome to the Geberit conference call on the first quarter 2022. (Operator Instructions) The conference is being recorded. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Christian Buhl, CEO, accompanied by Mr. Tobias Knechtle, CFO; and Roman Sidler, Head of Corporate Communications and Investor Relations. Please go ahead, sir.

Christian Buhl - Geberit AG - Chairman of the Group Executive Board & CEO

Thank you for the introduction, and good morning, ladies and gentlemen, and welcome to our conference call on our Q1 results. Geberit had a good start into the year. Let me start with the key statements for the first quarter.

We achieved an extraordinary strong sales growth in local currencies of 13% despite a very strong comparison basis. Secondly, significant headwinds from the unfavorable currency development led to a strong negative net sales impact of minus 5.2%. Thirdly, the unprecedented surge of raw material and energy prices led to a

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