Sanitaryware manufacturer Geberit has been named as one of the world’s most innovative companies by Forbes.
The company joined household names such as Amazon, Starbucks and Visa in the Top 100 Most Innovative Companies worldwide. Ranked at number 85 on the list, Geberit saw off competition from names such as Coca-Cola and ITV.
The rankings are based on what the US business magazine calls an innovative premium – the difference between a firm’s enterprise value and a net present value of cash flows from its existing businesses.
Some of the innovations that Geberit has recently invested in include the Duofix framing system, which simplifies the installation process of wall-hung sanitaryware and the Aquaclean shower toilet.
“It is a real honour to be ranked among the 100 most innovative companies in the world by Forbes,” said Geberit managing director Mark Larden (pictured). “This position reflects the value that the company has within its DNA and what we deliver each day to our customers.”