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Geberit : Switzerland's Geberit hikes dividend after posting record free cash flow


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ZURICH (Reuters) - Geberit recorded its highest ever free cash flow and proposed hiking its dividend on Wednesday, although the Swiss building materials supplier said uncertainties remained about how the COVID-19 crisis would affect construction in 2021.
The maker of shower toilets, piping and bathroom ceramics said free cash flow increased 11.4% to 717 million Swiss francs ($772 million) as it cut back on marketing and travel spending during the crisis.
As a result Geberit proposed increasing its dividend to 11.40 francs from the 11.30 franc payout for 2019.
Still, the company declined to give an outlook, sounding a note of caution about the year ahead. ....

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Bosch to axe 700 Rodez jobs

Bosch is to cut 700 jobs at its Rodez plant in Southern France, citing market over-capacity and increasing moves away from diesel to new powertrains. related to Components, Service suppliers/supply chain, Vehicle markets, Bosch, ....

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