PDF (2.63 MB) - Geberit International AG

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Financial Highlights 2004 2003 Sales MCHF 1,906.8 1,403.9 Change on previous year % +35.8 +10.3 Operating profit (EBIT) MCHF 305.1 206.4 Margin % 16.0 14.7 Net income MCHF 193.3 147.0 Margin % 10.1 10.5 Operating cashflow (EBITDA) MCHF 453.0 329.8 Margin % 23.8 23.5 Net cashflow MCHF 351.7 271.3 Margin % 18.4 19.3 Financial income (expenses), net MCHF (30.0) (23.4) Research and development expenses MCHF 43.4 35.7 In % of sales % 2.3 2.5 Earnings per share CHF 47.23 36.31 Earnings per share – adjusted* CHF 58.71 43.74 Capital expenditure MCHF 87.8 69.8 Number of employees 31.12. 5,516 4,412 Annual average 5,469 4,419 Sales per capita TCHF 348.7 317.7 31.12.2004 31.12.2003 Total assets MCHF 2,003.9 1,507.8 Cash and cash equivalents MCHF 81.6 181.3 Net working capital MCHF 130.9 77.6 Property, plant and equipment MCHF 538.8 490.9 Goodwill and intangible assets MCHF 878.8 469.7 Corporate debt MCHF 535.3 297.2 Shareholders’ equity MCHF 870.8 739.0 Equity ratio % 43.5 49.0 Gearing % 52.1 15.7 *Adjusted by amortization of goodwill The statements in this review relating to matters that are not historical facts are forward-looking statements that are not guarantees of future performance and involve risks and uncertainties, including but not limited to: future global economic conditions, foreign exchange rates, regulatory rules, market conditions, the actions of competitors and other factors beyond the control of the company.
“Creative ideas are nurtured in a positive climate where employees are eager to take ownership either as individuals or within a team. Creativity is more important than faultlessness. Our corporate culture creates the ideal environment for innovation.” From the «Geberit Identity» Content 2 To our Shareholders 4 Investor Information 6 Board of Directors and Group Executive Board 8 Management Structure 10 Business and Financial Review 23 Corporate Governance 49 Consolidated Financial Statements of the Geberit Group 85 Financial Statements of Geberit AG 92 Geberit Key Figures 1
Page 1: Annual Report 2004
Page 5 and 6: Dr Rudolf Huber, Dr Thomas Raible a
Page 7 and 8: Time schedule Interim report 1 2005
Page 9 and 10: Group Executive Board (from 1.1. 20
Page 11 and 12: Products Randolf Hanslin Quality R.
Page 13 and 14: 2000 1750 1500 1250 1000 750 500 25
Page 15 and 16: Minor currency effects Currency gai
Page 17 and 18: Depreciation increased by only +0.8
Page 19 and 20: Efficient research and development
Page 21 and 22: Sustainability of major importance
Page 23 and 24: Successful acquisition policy On 27
Page 25 and 26: Corporate Governance 1. Group struc
Page 27 and 28: Convertible bonds and warrants/opti
Page 29 and 30: Cross-involvement There is no cross
Page 31 and 32: Until 31 December 2004, the Preside
Page 33 and 34: Roland Iff (1961) Member of the Gro
Page 35 and 36: Total compensations paid to the exe
Page 37 and 38: Statutory quorums The rules relatin
Page 40: 38 “Everything is in motion - not
Page 46: 44 25 June 1984: Assembly of the fo
Page 51 and 52: Consolidated Financial Statements G
Page 53 and 54:
Consolidated Income Statements Note
Page 55 and 56:
Consolidated Statements of Cashflow
Page 57 and 58:
2. Changes in Group organisation On
Page 59 and 60:
3. Summary of significant accountin
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Taxes The consolidated financial st
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Financial risk management General R
Page 65 and 66:
7. Property, plant and equipment To
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MCHF 305.7 (2003: MCHF 330.9) of go
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Convertible bond On 14 June 2004 th
Page 71 and 72:
14. Retirement benefit plans The Gr
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The 17,708 shares required for thes
Page 75 and 76:
Deferred income tax liabilities hav
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For the diluted earnings per share
Page 79 and 80:
25. Cashflow figures Net cashflow i
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Income statement information is as
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30. Subsequent events On 22 Decembe
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Currency Share capital Ownership Ac
Page 87 and 88:
Financial Statements Geberit AG Con
Page 89 and 90:
Notes to the Financial Statements 1
Page 91 and 92:
1.6 Capital increases 31.12. 2004 3
Page 93 and 94:
Report of the Statutory Auditors To
Page 95 and 96:
2002 2001 2000 1999 1998 1,273.0 1,
Page 97 and 98:
Shower toilet Automatic WC-flush El
Page 99:
Geberit AG Schachenstrasse 77 CH-86
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PDF (2.63 MB) - Geberit International AG

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