Geberit share information

Share price performance in the reporting year

The Geberit share price started the new trading year at CHF 429.10 and reached its year high of CHF 466 at the end of January. After hitting a low of CHF 370 in December, the share price closed the 2018 trading year at CHF 382.30. Overall, this corresponds to a decrease of 10.9%. In the same period, the Swiss Market Index (SMI) posted losses of 10.2%. Viewed over the past five years, the Geberit share posted an annual average increase of 7.2% (SMI +0.5%). The Geberit Group’s market capitalisation reached CHF 14.2 billion at the end of 2018.

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

At the end of 2018, the free float as defined by SIX was 100%.

Share price development
1.1. – 31.12.2018

Monthly average share price
CHF

Share price development
22.6.1999 (IPO) – 31.12.2018

Annual average share price
CHF

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 buffer of liquidity. 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 2018, CHF 381 million was distributed to shareholders as part of the dividend payment. The share buyback programme, launched on 6 June 2017, was also continued. By 31 December 2018, around 651,000 shares, or 1.8% of the share capital currently entered in the Commercial Register, had been acquired at a sum of CHF 276 million, CHF 185 million thereof in 2018. CHF 566 million, or 97.3% of the free cashflow, was therefore distributed to shareholders during the reporting year as part of the dividend payment and the share buyback programme.

Over the last five years, around CHF 2.2 billion has been paid out to shareholders in the form of distributions or share buybacks.

Total distribution to shareholders and share buybacks
(in CHF million)
  2014 2015 201620172018 Total
Distribution 282 311 309368381 1,651
Share buyback 37 160 5192185 525
Total 319 471 360460566 2,176

The Board of Directors will propose to the ordinary General Meeting of Geberit AG on 3 April 2019 an increase in the dividend of 3.8% to CHF 10.80 in line with the increase seen in the previous year. The payout ratio of 62.7% of adjusted net income is in the upper range of the 50% to 70% corridor defined by the Board of Directors.

Distribution paid
(in CHF per share)
  2014 2015 2016 20172018
Dividend 7.50 8.30 8.40 10.0010.40
Capital redemption
Total 7.50 8.30 8.40 10.0010.40
Major data relating to the Geberit share
  31.12.2018
Registered shareholders 37,427
Capital stock (CHF) 3,704,142.70
Number of registered shares of CHF 0.10 each 37,041,427
Registered shares 21,226,515
Treasury shares 999,182
Stock exchange SIX Swiss Exchange
Swiss securities identification number 3017040
ISIN code CH0030170408
Telekurs GEBN
Thomson Reuters GEBN.S
Bloomberg GEBN.VX
Key figures
(in CHF per share)
  
20172018
Net income1 16.4317.21
Net cashflow 17.4120.53
Equity 49.9547.94
Distribution2 10.4010.80
1 Adjusted for costs in connection with the Sanitec acquisition and integration
2 Subject to approval of the General Meeting 2019

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 Roland Iff 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 information

Time schedule  
2019
General Meeting 3 Apr
Dividend payment 9 Apr
Interim report first quarter 2 May
Half-year report 15 Aug
Interim report third quarter 31 Oct
2020
First information 2019 16 Jan
Results full year 2019 10 Mar
General Meeting 1 Apr
Dividend payment 7 Apr
Interim report first quarter 30 Apr
Half-year report 18 Aug
Interim report third quarter 29 Oct
(Subject to minor changes)

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