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4 Share Price development (1 January until 31 December 2004) 1000 950 900 850 800 750 700 650 600 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Investor Information Share price performance in the year under review Based upon the satisfactory course of operations and the successful integration of the Mapress business, Geberit’s share price performance, in the past year, was again very positive. Following a 2003 year end value of CHF 608, the share price rose to a peak of CHF 975 in September. However, as a consequence of the publication of the third quarter results and the management generation change, the price declined significantly. In the last two months of the year, the share price rose again to a year end level of CHF 832. The closing price reflected an increase of +37% versus the beginning of the year. Whereas the Swiss Performance Index (SPI) rose by +7% over the same period. As a result, Geberit’s shares significantly outperformed the SPI for the third consecutive year and has, on average, recorded a +31% annual increase over each of the last three years. The Geberit Group’s market capitalization as of 31 December 2004 amounted to MCHF 3,461. Geberit shares are listed on the Swiss Exchange (SWX) but may also be traded on Xetra, the OTC market of Germany’s Frankfurt Stock Exchange. At the end of 2004, the free float, as defined by SWX, was 100%. Geberit Share Swiss Performance Index (SPI) (Source: Thomson Financial Datastream) Distribution The Board of Directors of Geberit AG will propose a dividend of CHF 22.00 at the general meeting on 26 April 2005, which corresponds to a rise in the per share distribution of CHF 5.00 or +29.4%. As such the shareholder-friendly dividend policy shall be continued. The net income distribution rate of 38.1% after adjustments for goodwill amortization is again within the 30 to 50 % range as defined by Geberit’s stock exchange listing. Distribution (CHF per share) 2004 2003 2002 2001 2000 Dividend Repayment 22.00 17.00 5.00 10.00 of par value 9.00 10.00 Total 22.00 17.00 14.00 10.00 10.00 Subject to the shareholders’ approval, the dividend shall be paid on 29 April 2005.
Time schedule Interim report 1 2005 st quarter 25 April General meeting 26 April Dividend payment 29 April Half-year results 16 August Interim report 3rd quarter 3 November First information on the year 2005 2006 19 January Media and analysts’ conference 16 March Interim report 1st quarter 27 April General meeting 28 April Dividend payment (Subject to minor changes) 4 May Communication Via the internet (www.geberit.com), Geberit simultaneously publishes current and comprehensive information for all market participants and interested parties. Among other things, the current version of the investor presentation is available on the internet at any time. In addition, interested parties may add their names to a mailing list in order to receive the most recent information relating to the Company. CEO Albert M. Baehny, CFO Roland Iff and Head of Corporate Communications Roman Sidler are in charge of the ongoing communication with shareholders, the capital market and the general public. 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 under corporate.communications@geberit.com. Major data relating to the Geberit share (as of 31 December 2004) Registered shareholders 10,465 Capital stock (CHF) Number of registered shares 4,160,000 of CHF 1.00 each 4,160,000 Registered shares 3,022,686 Treasury stock 66,480 Stock exchange SWX, Zurich Swiss securities identification number 803822 ISIN code CH-0008038223 Telekurs GEBN Reuters GEBN.S Key figures (CHF per share) 2004 2003 Net income 47.23 36.31 Net income, adjusted* 58.71 43.74 Net cashflow 85.93 67.00 Shareholders’ equity 212.75 182.51 Distribution 22.00 17.00 *Adjusted by amortization of goodwill 5
Page 1 and 2: Annual Report 2004
Page 3 and 4: “Creative ideas are nurtured in a
Page 5: Dr Rudolf Huber, Dr Thomas Raible a
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
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Page 29 and 30: Cross-involvement There is no cross
Page 31 and 32: Until 31 December 2004, the Preside
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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
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2. Changes in Group organisation On
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3. Summary of significant accountin
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Taxes The consolidated financial st
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Financial risk management General R
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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
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14. Retirement benefit plans The Gr
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The 17,708 shares required for thes
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Deferred income tax liabilities hav
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For the diluted earnings per share
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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
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Financial Statements Geberit AG Con
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Notes to the Financial Statements 1
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1.6 Capital increases 31.12. 2004 3
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Report of the Statutory Auditors To
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2002 2001 2000 1999 1998 1,273.0 1,
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Shower toilet Automatic WC-flush El
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Geberit AG Schachenstrasse 77 CH-86
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