Geberit AG (MEX:GEBN)
MXN 10802.21 1009.16 (10.3%) Market Cap: 361.19 Bil Enterprise Value: 380.27 Bil PE Ratio: 33.19 PB Ratio: 15.37 GF Score: 87/100

Full Year 2019 Geberit AG Corporate Sales Call Transcript

Jan 16, 2020 / 08:00AM GMT
Operator

Good morning. I'm the Arkadin operator for this conference. Welcome to the Geberit Conference Call on the First Information 2019. (Operator Instructions) And 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. Roland Iff, CFO; and Mr. 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. Good morning, ladies -- morning, ladies and gentlemen. Welcome to Geberit's full year sales conference call. We will first comment on our fourth quarter sales figures, then review our full year sales performance, followed by an outlook for the building industry in 2020 and, finally, summarize key priorities for Geberit this year.

I'll start with the fourth quarter. Geberit achieved solid sales growth in the last quarter of 2019. Sales in local currencies grew by 1.9%, negatively impacted by 1 working day

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