Geberit Q1 Profit Up 4.5% Despite FX

Geberit AG reported Q1 2026 net sales of CHF 873 million, down 0.7% YoY but up 3.4% in local currency.
EBITDA rose 2.3% to CHF 283 million, margin improved to 32.5% from 31.5% thanks to volume growth and lower material costs.
Net income rose 4.5% to CHF 196 million, EPS 5.94 CHF; margins aided by no prior-year one-off costs despite wage inflation and marketing spend.
Geberit sees modest European growth in 2026, warns of Middle East geopolitical risks and continued weakness in China affecting construction demand.