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Geberit profit misses consensus by 26.3% in Q1

Geberit AG said its normalized net income for the first quarter was CHF3.01 per share, compared with the S&P Capital IQ consensus estimate of CHF4.08 per share.

EPS increased year over year from CHF2.95.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was CHF110.8 million, a gain from CHF108.8 million in the year-earlier period.

The normalized profit margin dropped to 15.0% from 15.1% in the year-earlier period.

Total revenue increased year over year to CHF737.1 million from CHF718.6 million, and total operating expenses climbed year over year to CHF556.9 million from CHF545.2 million.

Reported net income rose year over year to CHF153.4 million, or CHF4.16 per share, from CHF150.3 million, or CHF4.07 per share.