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Oct 31 2019, 07:45 GMT
Geberit
Strong revenue and margin gains in Q3 provide upside to full year forecasts
- Sectors : Building products
- Companies : Geberit
DAVY VIEW
Geberit delivered a very good result in Q3 with both organic revenues and margins better than expected. We expect upgrades to full year estimates will follow. As with many of its peers, the stock is having a big year, up approximately 30% since the start of January. Hence, Geberit’s premium rating has therefore further expanded. It is now trading at all-time high multiples (over 20x EBITDA for example) and this should cap further upside.
