Germans Not Flush Enough For Luxury Toilets
- German construction market shifts to low-end projects
- Capacity issues for installers will take time to resolve: CE0
Geberit AquaClean shower toilet
Source: Geberit GroupThis article is for subscribers only.
Geberit AG said it’s struggling to find more buyers in its key German market for high-end products, such as shower toilets that can cost more than $5,000, as a local building boom focused on multifamily homes and refugee dormitories favors simpler sanitary installations.
Companies fitting the Swiss manufacturer’s systems are so constrained with a housing bonanza that training installers and shifting focus to more lucrative luxury models remains an issue, Geberit Chief Executive Officer Christian Buhl said on a call to discuss earnings. Geberit fell as much as 8 percent on Thursday, the biggest drop since April 2015.