Topic: [GEBN] Geberit
Outlook 2010
The global economic crisis and the related uncertainty in forecasts for the near future make predictions for 2010 very difficult. The decline in the building industry will most likely continue. Construction volumes may decline further in most of the geographic markets that are important to Geberit; no recovery can be realistically expected before 2011. The new construction sector will be hit hardest by the crisis, in particular the non-residential construction sector. Also, no positive development is expected in renovation business, even though the potential need for renovations does exist.
Given the continued considerable uncertainty, it is currently not appropriate to issue quantitative prognoses for Geberit in 2010. Even in this demanding environment, Management is convinced that the Geberit Group is well equipped for the coming challenges and that it will emerge strengthened from this difficult global economic phase.
As the European market leader in the field of sanitary technology, the Geberit Group is a global provider with sales of CHF 2.2 billion. It employs 5,600 people in 40 countries around the world.