Further on Track: Siegfried Increases Sales and Earnings in the First Half of 2021

Further on Track: Siegfried Increases Sales and Earnings in the First Half of 2021

August 19, 2021

Following a decent 2020 financial year, the Siegfried Group (SIX: SFZN) has also in the first half of 2021 achieved a good result. With 466.9 million Swiss francs, the company increased its net sales from H1 2020 by 78.8 million Swiss francs. This represents a growth of 20.3 percent in Swiss francs and 19.4 percent in local currencies (LC). Core EBITDA was 80.5 million Swiss francs (prior period: 58.1 million Swiss francs), which corresponds to a core EBITDA margin of 17.3 percent (prior period: 15.0 percent). Core net profit was 32.6 million Swiss francs (prior period: 21.5 million Swiss francs) and cash flow from operating activities grew to 96.9 million Swiss francs (prior period: 45.0 million Swiss francs). Siegfried confirms the positive outlook for the full year 2021.