Annual Report 2024

Annual Report 2024

de

Value chain

Geberit forms part of the value chain in the building construction industry. The activities of the company have significant impacts on employees, on customers such as sanitary engineers and installers, and on end users, as well as on suppliers and transport companies. Continuous investment in the production sites in Europe, China, India and the USA, the logistics centre in Germany for installation, flushing and piping systems as well as the decentralised network of 13 European distribution centres for ceramic appliances and bathroom furniture will strengthen these individual economic areas. The know-how and Geberit's products and system solutions help to significantly reduce the burden on fresh water and drainage systems while also optimising costs and the consumption of resources.

With a focus on sustainable sanitary systems as part of the building infrastructure, the Group also lends new impetus to the building construction industry. The products and solutions, which are sold and installed worldwide, drive forward the development of sanitary technology. At the 30 Geberit Information Centres in Europe and overseas, as well as at external events, around 160,000 specialists were trained in the areas of products and their use, tools, software and installation skills in the reporting year, both physically and via digital formats. In this way, the company promotes innovation, growth and added value within its industry.

Furthermore, Geberit is an important employer for the communities around its sites and, as a training company, makes an important contribution to the quality of vocational training and to the high level of qualification. At the end of 2024, the company employed 283 apprentices, thus creating apprenticeship positions in different countries, see also Employee attraction and retention > Training and education.

The economic impact on suppliers and transport companies is also significant. In 2024, Geberit procured direct spending material amounting to CHF 850 million (previous year CHF 883 million) and had business relations with a total of 1,481 direct suppliers. The company does not have its own transport fleet and therefore generates orders for external transport companies.

For further information on management of the value chain, see Procurement as well as Business Report > Business and financial review > Financial Year 2024 > Production and Business Report > Business and financial review > Financial Year 2024 > Logistics.

Value creation – an overview

The value creation graphicvalue creation graphic indicates how the Geberit Group creates value for employees, society, customers, the environment as well as shareholders.

The long-term corporate strategy is based on four pillars:

  • Focus on sanitary products
  • Commitment to innovation and sustainability
  • Selective geographic expansion
  • Continuous optimisation 

Core values such as integrity, team spirit, enthusiasm, modesty and an ability to embrace change form the basis for successful implementation of the corporate strategy. This strategy is driven forward by seven growth and earnings factors: the “go-to-market” model, technology penetration, value strategy, innovation leadership, sustainability leadership in the sanitary industry, selective technology penetration, and continuous process and cost optimisation. The corporate strategy is supplemented by a sustainability strategy, which strengthens the business model with twelve strategic topics and generates added value for employees, environment and society. The achieved results clearly show the various benefits of the measures and activities in the three dimensions of sustainability while also contributing to the UN Sustainable Development Goals (SDGs) set out in the 2030 Agenda for Sustainable Development, see SDG Reporting.

Value
Creation
Mission
We continuously improve the quality of people’s lives with innovative sanitary products.
Resources
People
Planet
Profit
11,110
Employees
Info
283
Apprentices
Info
14 hours
Training and education per employee
Info
5.3%
Employees with disabilities (internal and external)
Info
650 GWh
Energy consumption
Info
391 985 t
Material used
Info
850,178 m3
Water consumption (-1.8%)
Info
78.5%
Share of renewable energy sources in electricity
Info
CHF 182 million
Investments in property, plant and equipment and intangible assets
Info
CHF 74 million
R&D expenditures
Info
35.8%
Equity ratio
Info
33
Number of new patents
Info
Values and Strategy
Values
  • Integrity
  • Team spirit
  • Enthusiasm
  • Modesty
  • Ability to renew ourselves

Geberit Compass as PDF
Read more about our values

Read more
Strategy
Focus on sanitary products
Geberit concentrates on sanitary and piping systems for transporting water in buildings, as well as bathroom ceramics and furniture. In these areas, Geberit has comprehensive know-how and supplies high-quality, integrated and water-saving sanitary technology as well as attractive design.
Commitment to innovation and sustainability
Continuously optimising and extending the product range is crucial for future success. Innovative strength is founded on research in areas such as hydraulics, statics, fire protection, hygiene and acoustics, as well as process and materials technology. The insights gained are systematically applied in the development of products and systems for the benefit of customers. Here, the aspects of design are constantly growing in importance.
Selective geographic expansion
An important factor in long-term success is stronger growth in the markets in which Geberit products or technology are still under-represented. Outside Europe, Geberit concentrates on the most promising markets. These include North America, China, Southeast Asia, Australia, the Gulf Region, South Africa and India. With the exception of North America and Australia, the company mainly engages in project business in these markets. The company always adheres strictly to the existing high standards in terms of quality and profitability.
Continuous optimisation of business processes
Efficient processes will help to establish a leading and competitive cost structure on a long-term basis. Process optimisation will be partly achieved through Group-wide projects and partly through employees identifying improvement potential in their day-to-day work, thus making a major contribution toward positive development.
Growth and earnings drivers
  • “Push-Pull” “Go-to-market” model
  • Technology penetration
  • Value strategy
  • Innovation leadership
  • Sustainability leadership
  • Selective technology penetration
  • Continuous process and cost optimisation

Medium-term goals

Read more
Results
People
Planet
Profit
20%
Women in leadership positions
Info
63%
Transfer rate of apprentices
Info
AFR 6.0
Accidents per million working hours performed
Info
12.2
Average years of service
Info
62.6%
Improvement of eco-efficiency since 2015
Info
63.2%
Improvement in CO2 intensity since 2015
Info
29%
Reduction of energy consumption since 2015
Info
3,130
million m3
Saved water with Geberit products
Info
2.5%
Currency-adjusted net sales
Info
29.6%
Operating cashflow margin
Info
CHF 613 million
Free Cashflow
Info
CHF 18.06
Earnings per share
Info
Creating value for

Employees

Society

Environment

Customers

Shareholders