Geberit Q1 sales down 8.9%
May 2 (Reuters) - Swiss plumbing supplies maker Geberit on Tuesday reported a 8.9% drop in first-quarter revenue, citing challenging comparable results the previous year and a slowdown in the renovation business.
The group, which makes piping and ceramic products for bathrooms, reported sales of 892.7 million Swiss francs ($996.65 million) for the first quarter, compared to 980 million francs the previous year. ($1 = 0.8957 Swiss francs) (Reporting by Anna Mackenzie and Amir Orusov in Gdansk; Editing by Kim Coghill)
