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Geberit profit misses consensus by 21.8% in Q2

Geberit AG said its normalized net income for the second quarter came to CHF3.24 per share, compared with the S&P Capital IQ consensus estimate of CHF4.14 per share.

EPS rose 71.7% year over year from CHF1.89.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was CHF119.5 million, a gain of 69.2% from CHF70.6 million in the prior-year period.

The normalized profit margin climbed to 15.7% from 10.5% in the year-earlier period.

Total revenue climbed 13.5% year over year to CHF761.2 million from CHF670.9 million, and total operating expenses grew from the prior-year period to CHF565.1 million from CHF554.9 million.

Reported net income grew 69.3% year over year to CHF166.0 million, or CHF4.50 per share, from CHF98.0 million, or CHF2.62 per share.