SFS : achieved solid sales growth and a substantial improvement in profitability
January 27, 2017 at 12:49 am EST
Share
Driven by solid sales growth of 5.9% in its core businesses, SFS Group generated consolidated sales of CHF 1,437 million in its 2016 financial year. The adjusted operating profit margin (EBITA) improved to 14.4% from 12.5% in the previous year.
SFS Group AG set a new sales record in the 2016 financial year with consolidated sales of CHF 1,437 million, an increase of 4.4% from the previous financial year. Solid, organic growth of 5.9% in its core businesses fueled the positive development, to which all segments contributed. Currency movements had a positive effect of 0.9% on reported sales and changes in the scope of consolidation added 1.5% to the reported sales growth. The run-off of the trading activities, a non-core business within the Engineered Components segment, reduced sales by about CHF 50 million.
SFS Group AG published this content on 27 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 January 2017 05:49:09 UTC.
Original documenthttp://www.sfs.biz/en/web/medien/medienmitteilungen/news_detail_35921408.html
Public permalinkhttp://www.publicnow.com/view/BFC2FEEEAB5ADB0B4691C132B5EF32BA3D184147
SFS Group AG, formerly SFS Holding AG, is a Switzerland-based company that develops and manufactures mechanical fastening systems and precision formed components. The Company serves the automotive, construction, construction supply, electrical, electronics, aerospace and medical components industries. It consists of three operating segments which represent the three business models: Engineered Components, which are customer-specific products under the SFS intec and Unisteel brands; Fastening Systems, which are application-specific products under the SFS intec and GESIPA brand, and Distribution and Logistics, which are market-oriented product ranges and logistics solutions under the SFS unimarket brand throughout Switzerland. Its subsidiaries include, among others, Ncase Limited, a supplier of subframes for rainscreen cladding, as well as developer and manufacturer of disposable products made of metal and plastic for medical device original equipment manufacturers (OEMs).
SFS GROUP AG 
