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Business and financial review

In 2012, the Geberit Group once again successfully defended its excellent market position in a challenging market environment. Sales growth in local currencies was in line with the medium-term objectives. Although the results were affected negatively by rising customer bonuses, personnel expenses, the substantial price reductions introduced in Switzerland at the end of the previous year and the persistently strong Swiss franc, the Group performed better than in the previous year. The Group thereby noticeably outperformed some of its European competitors, expanded its position as the leading provider of sanitary technology and gained additional market shares.