Geberit reports growth in 2025

The Swiss group announces the main results for the year just ended. Net sales total CHF 3.16 billion (+2.5% on 2024).

The Geberit Group confirmed its forecasts for 2025, recording positive results despite a market environment that remained complex throughout the year. Net sales grew by 2.5% on 2024 to CHF 3,163 million (a currency-adjusted increase of 4.8%), driven among other things by a strong fourth quarter with 4.4% growth (or 6.4% when adjusted for currency effects). The result was favourably impacted by strong growth in sales volumes, especially regarding new products launched during the year, and by the positive momentum recorded in most European countries.

Despite continued challenging conditions for the sanitaryware industry, currency-adjusted sales in Europe grew by 4.1%, with particularly significant increases in Austria (+8.5%), Benelux (+7.3%) and Germany (+5.6%). Strong growth was also reported in Eastern Europe (+4.3%) and Northern Europe (+3.5%), while results in Italy (+1.6%) and Switzerland (+1%) were less buoyant, albeit still positive. Outside Europe, the most significant growth was achieved in the Middle East/Africa region (+24.8%) and performance in America was also positive (+3.9%). In contrast, sales in the Far East/Pacific region were slightly down on the previous year (-0.6%) due to the continuing contraction of the Chinese market and despite significant growth in India.

All product areas saw increases in currency-adjusted net sales, with the best performance in Bathroom Systems (+6.1%), followed by Installation and Flushing Systems (+5.5%) and Piping Systems (+3%).

The company expects an EBITDA margin of slightly below 29.5% for the full-year 2025, due to negative currency effects, wage inflation, higher energy prices, growth initiatives in selected developing markets and various digitalisation and IT projects. However, volume growth and lower material costs had a positive effect on margins.

Looking ahead to 2026, the Swiss group’s forecasts inevitably reflect those of the construction industry. The European market is expected to show slight growth, but without a full recovery yet. While new construction appears likely to remain stable at 2025 levels, the renovation business, which accounts for around 60% of Geberit’s sales, is expected to maintain positive momentum. Outside Europe, Geberit still expects strong growth in India and the Gulf countries, while a further decline in demand is expected in China.

For 2026, the Swiss multinational’s goal is to further expand its market position through targeted strategic initiatives including the launch of new products, investments in IT, digitalisation and AI, targeted marketing activities and the expansion and renewal of logistics capacities.