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Swiss building materials supplier Geberit reported flat sales for the full year, maintaining 3.085 billion Swiss francs ($3.38 billion) despite a challenging construction market marked by higher interest rates and economic uncertainty. The company鈥檚 sales matched the previous year鈥檚 level, aligning with analyst forecasts compiled by Visible Alpha, which predicted 3.08 billion Swiss francs. When measured in local currencies, sales grew by 2.5%, surpassing Geberit's guidance of 1%-2%. Sales for the fourth quarter fell by 1.3% year-on-year, totaling 685 million francs. Geberit鈥檚 products, which serve both new construction projects and renovations, offer a snapshot of the broader health of the construction industry. Looking ahead, the company anticipates a slight decline in the new construction market for 2025, but expects a slightly positive development in the renovation sector, which comprises about 60% of its business. Geberit also predicts weaker demand in China due to a slowdown in new residential construction. After navigating an 鈥渆xtremely challenging market environment鈥� in 2024, Geberit expects a marginal decline in its full-year EBITDA margin and operating profitability when it reports results on March 6, projecting a margin slightly below last year鈥檚 29.5%.