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Investments

Declining investment volume

Investments in property, plant and equipment and intangible assets amounted to CHF 86.0 million in 2012 or CHF 6.6 million (-7.1%) less than in the previous year. As a percentage of sales, the investment ratio was 3.9% (previous year 4.4%). As before, the strong Swiss franc had a slightly diminishing effect on the total investment volume when translating investment amounts from the euro. As in previous years, all scheduled larger investment projects were carried out in spite of the challenging parameters.

In 2012, 45% of all investments or CHF 38.6 million was used for infrastructure expansion. Geberit used 9% or CHF 7.7 million to acquire tools and equipment for new product developments. 33% or CHF 28.8 million was invested in the modernization of property, plant and equipment, while 13% or CHF 10.9 million was used for rationalization measures relating to property, plant and equipment.

The lion's share was invested in the machine fleet, in renovation and new building projects and in the procurement of tools and molds for new products. Among other things, projects for the building of new plants in Slovenia and India were started and continued respectively, the manufacturing of actuator plates at the Rapperswil-Jona plant was comprehensively upgraded, and other parts of the headquarters in Rapperswil-Jona were renovated.