Geberit share information

Share price performance in the reporting year

The Geberit share price started the trading year 2022 at CHF 745.20. During the year, the share price saw a sharp decline as part of a general valuation adjustment and reached its lowest point of CHF 410.50 at the beginning of November. The share price then recovered slightly until the end of the year and closed the trading year at CHF 435.50, corresponding to a decrease of 41.6%. In the same period, the Swiss Market Index (SMI) posted losses of 16.7%. Viewed over the past five years, the Geberit share posted an annual average increase of 0.3% (SMI +2.7%). Since going public in 1999 (IPO), the average annual increase was +11.0% (SMI +1.7%).

The Geberit Group’s market capitalisation reached CHF 15.6 billion at the end of 2022.

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

At the end of 2022, the free float as defined by the calculation method of the SIX Swiss Exchange regulation for stock and real estate indices was 94.99%. This is due to treasury shares held by Geberit as of 31 December.

Share price development
1.1.–31.12.2022

Share price development
22.6.1999 (IPO) –31.12.2022

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 2022, CHF 433 million was distributed to shareholders as part of the dividend payment. Following the conclusion of the share buyback programme 2020–2022 on 16 June 2022, a new share buyback programme was launched on 20 June 2022. In the reporting year, a total of 1,109,452 shares were acquired at a sum of CHF 570 million. As a result, CHF 1,003 million, or 178% of the free cashflow, was distributed to shareholders as part of the dividend payment and the share buyback programme in the reporting year, which equates to a good 6% of Geberit’s market capitalisation as of 31 December 2022.

Over the last five years, around CHF 3.1 billion has been paid out to shareholders in the form of distributions or share buybacks, which corresponds to 95.0% of the free cashflow in this period.

The Board of Directors will propose to the ordinary General Meeting of Geberit AG on 19 April 2023 an increase in the dividend of 0.8% to CHF 12.60. The payout ratio of 61.8% of net income is in the mid-range of 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