SFS Group Ltd

SFSN

Equity

ISIN CH0239229302 / Valor 23922930

SIX Swiss Exchange (2024-11-21)

CHF 122.80%

SFS Group Ltd
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About company

SFS Group Ltd is a global provider of mechanical fastening systems and precision components for the construction, automotive, and industrial sectors.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

In the financial year 2023, SFS Group Ltd reported a significant increase in third-party sales, reaching CHF 3,090.8 million. This represents a 12.6% growth compared to the previous year, driven by both organic growth and consolidation effects from the inclusion of Hoffmann.

Profitability Impact

SFS Group Ltd's operating profit (EBIT) for Q4 2023 was CHF 358.6 million, reflecting an EBIT margin of 11.7%. This was slightly lower than the previous year's margin of 12.1%, impacted by consolidation and mix effects, inconsistent production capacity utilization, and the appreciation of the Swiss franc.

Net Income

For Q4 2023, SFS Group Ltd reported a net income of CHF 268.5 million, which corresponds to 8.7% of net sales. This is a slight decrease from the previous year's net income of CHF 270.6 million, influenced by various economic factors and tax effects.

Investment and Expenditure

During Q4 2023, SFS Group Ltd invested CHF 174.0 million in property, plant, equipment, hardware, and software. This expenditure was primarily driven by the new production facility in Heerbrugg, Switzerland, and the expansion of the production platform in Nantong, China.

Sustainability Progress

SFS Group Ltd made significant strides in sustainability during Q4 2023, reducing its Scope 1 and 2 emissions by 7.6%. The company also committed to the Science Based Targets initiative (SBTi) to support the climate goals of the Paris Agreement, aiming to reduce direct emissions by at least 90% by 2030.

Summarized from source with an LLMView Source

Key figures

28.5%1Y

-3.08%3Y

29.5%5Y

Performance

20.2%1Y

25.5%3Y

25.7%5Y

Volatility