Pipemaker Geberit sees tough 2023 for Europe’s builders after sales dip

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Reuters UK

By John Revill ZURICH (Reuters) -Geberit expects 2023 to be “challenging” for Europe’s building and construction industry, Chief Executive Christian Buhl said on Thursday, after the Swiss plumbing products supplier reported a drop in full-year sales. Rising interest rates, a focus on upgrading heating rather than sanitation systems to counter rising energy prices and the end of a trend for home improvement projects that caught on during the COVID-19 pandemic were negative factors, he said. The company, which makes toilets and showers and whose pipes and ceramics are used in renovations and new…

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