SFS achieves sales targets in 2024 financial year

Ad hoc announcement pursuant to Art. 53 LR – January 24, 2025

The 2024 financial year saw the SFS Group operating in a challenging economic environment. However, organic growth of 0.1% was realized and the sales target set was achieved. Sales amounted to CHF 3,039.0 million. This is a –1.7% reduction compared to 2023 and is attributable to the persistently strong negative currency effects. An EBIT margin of around 11.6% of net sales is expected.

The challenging environment of the first half of 2024 improved to a lesser degree than expected in the second half of the year. Global economic momentum fell short of expectations throughout the entire reporting period, primarily due to geopolitical tensions and economic uncertainties that resulted in lower rates of investment on the international stage as well as reduced demand.

SFS generated third-party sales of CHF 3,039.0 million and organic growth of 0.1% in the 2024 financial year. Persistently strong negative currency effects impacted the result by –1.9%. The overall reduction compared to 2023 was –1.7%. An EBIT margin of around 11.6% of net sales is expected.

The Engineered Components, Fastening Systems and Distribution & Logistics segments operated in different market environments. While demand that was more stable and higher overall enabled the EC segment to achieve good results in the 2024 financial year, market demand in the FS segment only started to improve in the fourth quarter. Year-over-year, economic momentum in the D&L segment was more restrained for the entire financial year.

The SFS Group will publish its Annual Report 2024 on Friday, March 7, 2025.