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Jul 6 2020, 08:00 IST/BST
Geberit
COVID impact apparent in Q2 sales declines
- Sectors : Building products
- Companies : Geberit
DAVY VIEW
Geberit’s first-half sales update looks moderately better than we expected. While activity weakened significantly in many Southern European markets, the performance in Germany, Nordics and Eastern Europe proved much more resilient. While no guidance was provided, management’s measured approach to operating priorities and cost cutting suggests that the bottom line has held up reasonably well.
