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Construction supplier Geberit reports fourth-quarter sales slightly ahead of expectations

Construction supplier Geberit reports fourth-quarter sales slightly ahead of expectations

The logo of shower toilet and plumbing supplies maker Geberit is seen at its headquarters in Rapperswil-Jona, Switzerland October 30, 2018. REUTERS/Arnd Wiegmann

Swiss plumbing materials maker Geberit reported a 4.4% rise in fourth-quarter sales on Thursday, helped by volume growth in most of its regions.

Geberit – whose results are an indicator of the health of the broader construction industry – said its sales in local currencies came in at 715 million Swiss francs ($892.86 million), slightly ahead of analysts’ estimate of 713 million francs in a poll by Visible Alpha.

($1 = 0.8008 Swiss francs)

 

(Reporting by Bernadette Hogg and Danny Callaghan)

 

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