Q1 2026 Geberit AG Earnings Call Transcript
Good morning, ladies and gentlemen. Welcome to our Q1 results conference call.
Geberit had a successful start into the year 2026. Let me start with the key statements for Q1. First, an encouraging net sales growth of 3.4% in local currencies, negatively affected by prebuying of wholesalers in December last year and the cold weather in Northern Europe in January and February this year. Second, stable operating margins in onetime costs from the previous year are -- and currency effects are excluded. And the third, a growth of earnings per share of 4% in Swiss francs and 10% in local currency.
Let me now comment on our net sales development in more detail. Net sales grew by 3.4% in local currencies to CHF873 million, equally driven by volume and price. A strong negative currency effect of CHF35 million or minus 4.0% led to a net sales decline in Swiss francs of minus 0.7%.
We come now to the regional development. All growth figures refer to growth in local currencies. In Europe, net sales
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