Geberit : Information concerning the share buyback programme
April 30, 2020 at 10:33 am IST
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Information concerning the 2017/2020 share buyback
Geberit AG share buyback programme concluded
Geberit AG, Rapperswil-Jona, 30 April 2020
Geberit AG has concluded its share buyback programme, which was started in June 2017.
In total, 1,026,094 registered shares in the amount of CHF 439,767,616 - corresponding to 2.77% of the share capital currently entered in the Commercial Register - were repurchased. The share buyback programme was conducted via a second trading line set up especially for this purpose.
Geberit AG plans to propose a capital reduction in the amount of the repurchased shares and their subsequent cancellation to the General Meeting on 14 April 2021.
Please visit our website www.geberit.com for additional information.
For further information, please contact:
Geberit AG
Schachenstrasse 77, CH-8645 Jona
Christian Buhl, CEO
Tel. +41 (0)55 221 63 46
Roland Iff, CFO
Tel. +41 (0)55 221 66 39
Roman Sidler, Corporate Communications & IR
Tel. +41 (0)55 221 69 47
About Geberit
The globally operating Geberit Group is a European leader in the field of sanitary products. Geberit operates with a strong local presence in most European countries, providing unique added value when it comes to sanitary technology and bathroom ceramics. The production network encompasses 29 production facilities, of which 6 are located overseas. The Group is headquartered in Rapperswil-Jona, Switzerland. With around 12,000 employees in around 50 countries, Geberit generated net sales of CHF 3.1 billion in 2019. The Geberit shares are listed on the SIX Swiss Exchange and have been included in the SMI (Swiss Market Index) since 2012.
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Geberit AG published this content on 30 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2020 05:02:14 UTC
Geberit AG is the European leader in designing, manufacturing, and marketing sanitary systems intended for the construction and building renovation sectors. Net sales break down by family of products as follows:
- sanitary plumbing systems (38.3%): complete installed sanitary systems (showers, bathtubs, toilets, bidets, sinks, urinals, etc.), ball-valves, trigger plates, flush tanks, siphons, etc.;
- sanitary ceramic products (31.2%);
- pipe systems (30.5%): systems and conduits made of stainless steel, carbon steel, and copper, for draining water from buildings and roofs, distributing water and gas, etc.
At the end of 2021, the group had 26 production sites worldwide.
Net sales are distributed geographically as follows: Switzerland (9.5%), Germany (31.3%), Eastern Europe (10.1%), Nordic Countries (9.6%), Benelux (8.4%), Italy (6.8 %), Austria (6.2%), France (5.4%), the United Kingdom and Ireland (3.1%), Iberian Peninsula (0.8%) and other (8.8%).