The Distribution & Logistics (D&L) segment reported faster sales growth than in 2017. Sales amounted to CHF 169.7 million, which corresponds to an increase of 5.9% compared with the previous-year period.

D&L's distinctive offering in several market segments was profiled more effectively during the period under review. Examples here are the launch of the new online shop, a more focused offering for specialty retailers and the sale of the security systems business that belonged to the unit of architectural hardware operations.

Sharply higher procurement costs continued to impact D&L's profits in 2018. These increased costs on the supply side were passed through to customers after a longer-than-expected time lag. Nevertheless, segment operating profit rose by 9.2% y-o-y to CHF 12.4 million. The EBIT margin came in at 7.2% (prior-year 7.0%). SFS expects a positive trend in the second half of 2018.

In order to ensure an orderly succession process, the Board of Directors announced that Iso Raunjak will succeed Josef Zünd as Head of the D&L segment. In this role Iso Raunjak will also become a member of the Group Executive Board of SFS Group AG on 1 January 2020.

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SFS Group AG published this content on 20 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 July 2018 05:07:04 UTC