Financial Statements - Geberit
Financial Statements - Geberit
Financial Statements - Geberit
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Investor information<br />
The <strong>Geberit</strong> share<br />
The capital stock of <strong>Geberit</strong> ag, the parent company of the <strong>Geberit</strong> Group,<br />
remained unchanged at mchf 83.2 and is divided into 4.16 million registered<br />
shares with a par value of chf 20.– each. There are no limitations as to ownership<br />
or voting rights. The <strong>Geberit</strong> shares are listed on the Swiss Exchange<br />
(swx) but may also be traded in the over-the-counter market on Xetra at the<br />
Frankfurt Stock Exchange.<br />
Share price development<br />
The price of the <strong>Geberit</strong> share has increased rapidly from its first quotation in<br />
June 1999 until January 2000. On this date the share price reached its highest<br />
level at chf 597.–. Over the following months there was a first price adjustment,<br />
while in May the share price rose again to chf 570.– after good results<br />
for the first quarter 2000 had been published. Following the publication of<br />
sales figures for the second and third quarters 2000, which were below expectations,<br />
the share price declined and amounted to chf 456.– at the year end<br />
which corresponds to a 38% rise over the issue price.<br />
Share price development (22 June 1999 until 28 February 2001)<br />
600<br />
550<br />
500<br />
450<br />
400<br />
350<br />
300<br />
<strong>Geberit</strong><br />
Swiss Performance Index (spi)<br />
Source: Datastream<br />
Jul AugSep Oct Nov Dec Jan Feb Mar Apr May Jun Jul AugSep Oct Nov Dec Jan Feb<br />
Changes in ownership structure<br />
On 30 March 2000 the investor Dougthy Hanson & Co. sold its remaining interest<br />
in <strong>Geberit</strong> ag. The 620,275 registered shares were placed off-floor. A<br />
portion of these shares, i. e. 100,000 registered shares, were repurchased by<br />
<strong>Geberit</strong> ag. This block corresponds to 2.4% of capital stock or voting rights<br />
and is to be held in treasury, together with another 56,027 shares, for possible<br />
acquisitions as well as future employee and management participation programmes.<br />
4