Page 1

MEDIA RELEASE Ad hoc announcement pursuant to Art . 53 LR Half - Year Report as of 30 June 2021 Exceptionally strong results in the first half of 2021 IGEBERIT Geberit AG , Rapperswil - Jona , 19 August 2021 The Geberit Group posted exceptionally strong results in the first half of 2021. Overall , net sales increased by 24.9 % to CHF 1833 million . Adjusted for currency effects , the increase was 22.6 % . Operating cashflow increased by 35.5 % to CHF 626 million , which corresponds to an increase in the operating cashflow margin of 270 basis points . Net income increased by 46.1 % to CHF 460 million , with a return on net sales of 25.1 % . For 2021 as a whole , Management expects a low double - digit growth in net sales in local currencies and an EBITDA margin at the upper end of the medium - term target range of 28 % to 30 % . Consolidated net sales In the first half of 2021 , net sales for the Geberit Group increased by 24.9 % to CHF 1833 million . This increase includes positive currency effects of CHF 33 million . In local currencies , this resulted in an increase of 22.6 % . The exceptional sales growth was primarily down to the positive base effect due to the decline in sales as a result of COVID - 19 in the previous year , the ongoing home improvement trend and the accumulation of stock by customers . When compared with the first half of 2019 - and thus with net sales before the COVID - 19 pandemic - an exceptionally strong growth of 16.9 % after currency adjustments was also seen . This growth was achieved despite significant challenges on the raw material markets , and was due mainly to the outstanding performance and flexibility of the production plants and in logistics . Net sales in the second quarter reached CHF 924 million , which is equivalent to an increase of 37.8 % compared to the same quarter in the previous year . After currency adjustments , an increase of 34.1 % was achieved . These figures also represent the largest quarterly increase since the IPO in 1999 . Compared to the second quarter of 2019 , a record growth of 20.4 % after currency adjustments was also achieved . Net sales by market and product area The European markets posted exceptionally strong results for the first half of 2021 and grew by + 21.8 % as a whole after currency adjustments . Italy ( + 52.0 % ) , United Kingdom / Ireland ( + 46.9 % ) , the Iberian Peninsula ( + 31.7 % ) and France ( + 29.0 % ) - which were particularly affected by the COVID - 19 pandemic in the previous year - saw above - average growth . However , all other markets and regions also saw double - digit growth substantially in some cases : Austria posted increases of + 43.8 % , Eastern Europe + 31.0 % , Germany + 15.6 % , Switzerland + 14.2 % , the Benelux Countries + 12.8 % and the Nordic Countries + 10.1 % . The Middle East / Africa ( + 53.3 % ) and Far East / Pacific ( + 39.4 % ) regions also saw very strong growth . Double - digit growth was also achieved in America ( + 12.1 % ) . All three product areas developed positively in the first six months of the year . Net sales in local currencies increased by 23.9 % in Installation and Flushing Systems , 22.4 % in Piping Systems and 21.3 % in Bathroom Systems .