Geberit more cautious about building industry, lowers sales outlook
FILE PHOTO: A logo of Swiss sanitary products company Geberit is seen during a news conference to present the company's annual results, in Zurich, Switzerland, March 13, 2018. REUTERS/Moritz Hager
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ZURICH (Reuters) – Geberit <GEBN.S> lowered its full year sales outlook, the shower toilet and plumbing supplies maker said on Tuesday, saying it was seeing slightly more cautious conditions in the building industry.
The Swiss company said it now expected full year sales growth of “around 3 percent”, when adjusted for currency swings, down from its earlier view of 4 percent it had forecasted in August.
(Reporting by John Revill, editing by Riham Alkousaa)