Q3 2021 Geberit AG Earnings Call Transcript
Good morning. I am (inaudible), operator for this conference. Welcome to the Geberit Conference Call on the Third Quarter Results 2021. (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; (inaudible) Roland Iff, CFO; and Mr. Roman Sidler, Head of Corporate Communications and Investor Relations. Please go ahead.
Thank you for the introduction. Good morning, ladies and gentlemen, and welcome to our 9 months conference call. We will start with the third quarter key figures and then comment on the 9-month development and end with an outlook for the rest of the year.
Geberit achieved very good results in Q3 despite a more challenging comparison base with a strong top line growth and the lower profitability levels due to strong headwinds from increased raw material prices.
The last quarter in which we recorded a decline in margin level of 3
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