Geberit share information

Share price performance in the reporting year

The Geberit share price started the trading year 2023 at CHF 435.50. In the first half of the year in particular, the share price partially recovered from the significant valuation adjustment in the previous year. The share price then recorded a significantly stronger increase than the Swiss Market Index (SMI) in the final two months of the reporting year and closed at CHF 539.00, corresponding to an increase of 23.8% across the year 2023. In the same period, the SMI posted gains of 3.8%. Viewed over the past five years, the Geberit share posted an annual average increase of 7.1% (SMI +5.7%). Since going public (IPO) in 1999, the average annual increase was +11.7% (SMI +1.9%).

The Geberit Group’s market capitalisation reached CHF 19.0 billion at the end of 2023.

The Geberit shares are listed on the SIX Swiss Exchange, Zurich.

At the end of 2023, the free float as defined by the calculation method of the SIX Swiss Exchange regulation for stock and real estate indices was 95%.

Share price development
1.1.–31.12.2023

Share price development
22.6.1999 (IPO)–31.12.2023

Distribution

Given a stable market environment, Geberit achieves high free cashflow, which is used to repay debts, applied towards any acquisitions or distributed to shareholders. The capital structure is prudently maintained, and the company strives for a solid balance sheet structure with a sufficient buffer of liquidity for the operating business. On the one hand, this policy guarantees the financial flexibility necessary to achieve growth targets, and, on the other hand, it offers investors security. Surplus liquid funds are distributed to shareholders. Geberit continued this shareholder-friendly distribution policy last year as well.

In 2023, CHF 424 million was distributed to shareholders as part of the dividend payment. As part of the share buyback programme launched on 20 June 2022, a total of 493,150 shares were acquired at a sum of CHF 238 million in the reporting year. As a result, CHF 662 million, or 106% of the free cashflow, was distributed to shareholders during the reporting year as part of the dividend payment and the share buyback programme, which equates to 3.5% of Geberit’s market capitalisation as of 31 December 2023.

Over the last five years, around CHF 3.2 billion has been paid back to shareholders in the form of distributions or share buybacks, which corresponds to 96.6% of the free cashflow in this period.

The Board of Directors will propose to the ordinary General Meeting of Geberit AG on 17 April 2024 an increase in the dividend of 0.8% to CHF 12.70. The payout ratio of 70.1% of net income is just above the 50% to 70% corridor defined by the Board of Directors.

Communication

Geberit publishes current and comprehensive information simultaneously for all market participants and interested parties on the website www.geberit.com, including ad hoc announcements. Among other things, the current version of the investor presentation is available on the website at any time. In addition, interested parties may add their names to a mailing list www.geberit.com/mailinglist in order to receive the most recent information relating to the company.

CEO Christian Buhl, CFO Tobias Knechtle and the Head Corporate Communications & Investor Relations Roman Sidler are in charge of communication with shareholders, the capital market and the general public. Contact details can be found on the website in the relevant sections. Information relating to Geberit is provided in the form of regular media information, media and analysts’ conferences, as well as financial presentations.

Contact may be established at any time at corporate.communications@geberit.com

Comprehensive share information can be found at www.geberit.com > Investors > Share