SFS Group Ltd

Latest Results (25.12.2024):

Revenue Performance

In the first half of 2024, SFS Group Ltd reported third-party sales of CHF 1,544.9 million, marking a year-over-year decrease of 2.3%. This decline was primarily influenced by currency effects, which reduced sales growth by 2.4%. Despite these challenges, the company achieved a slight organic growth of 0.1% on a like-for-like basis.

Profitability Metrics

SFS Group Ltd's operating profit (EBIT) for the first half of 2024 was CHF 180.8 million, resulting in an EBIT margin of 11.7% of net sales. This performance reflects the company's ability to maintain profitability amidst a challenging economic environment, although it represents a slight decrease from the previous year's EBIT margin of 12.1%.

Net Income and Earnings Per Share

The net income for SFS Group Ltd in the first half of 2024 was CHF 117.3 million, which is 7.6% of net sales. Earnings per share (EPS) declined to CHF 3.00 from CHF 3.37 in the previous year, attributed to the lower operating profit and adverse foreign currency effects impacting the financial results.

Cash Flow and Investments

Operating free cash flow for SFS Group Ltd increased by 25.6% compared to the same period in the previous year, amounting to CHF 87.2 million. The company invested CHF 68.7 million in the first half of 2024, which is equivalent to 4.5% of net sales, focusing on strategic projects and capacity expansions.

Outlook for 2024

SFS Group Ltd anticipates a slight economic recovery in the second half of 2024, driven by global demand and improved industrial momentum. The company expects slight organic growth and a marginal improvement in the EBIT margin for the full year, as it continues to focus on customer-centric innovation and strategic opportunities.