SFS Delivers Strong Progress in First Half-Year 2026

Ad hoc announcement pursuant to Art. 53 LR – July 23, 2026

After the first half of 2026, SFS is on track to meet its targets. With sales of CHF 1,559.3 million and an adjusted EBIT margin of 13.3%, the Group exceeded growth targets. Through several acquisitions, SFS has successfully capitalized on the opportunity to strategically augment its organic growth.

The ongoing, far-reaching global upheavals led to supply chain disruptions in the first half of 2026. The local-for-local approach, however, which is based on keeping the value chain as regional as possible, has so far mitigated the effects of supply bottlenecks on SFS’s business areas. The positive results are a manifestation of this sustainable strategy and the solid positioning.

SFS generated sales of CHF 1,559.3 million in the first half of the year 2026. This corresponds to year-over-year growth of 1.3%. Foreign currency effects, especially due to the weaker US dollar, significantly slowed sales growth down by –4.2%. Organic growth was a strong 4.0%.

Mix effects and measures from the streamlining of the global production and distribution network that have already been implemented had a positive impact on profitability. The program’s implementation continues to generate non-recurring effects that impact the results. Excluding these effects, the adjusted operating profit (EBIT) came to CHF 206.0 million (PY CHF 168.1 million), which corresponds to an adjusted EBIT margin of 13.3% (PY 11.0%). Operating profit (EBIT) including non-recurring effects amounted to CHF 211.2 million (PY CHF 162.2 million) at an EBIT margin of 13.6% (PY 10.6%).

The SFS Group generated a stable operating free cash flow of CHF 120.9 million (PY CHF 122.5 million). Earnings per share (EPS) developed positively overall, reaching CHF 3.82 (PY CHF 2.86).

Strategic Acquisitions as an Opportunity
The current environment continues to open up opportunities for SFS to augment organic growth through strategic acquisitions and strengthen the segments’ long-term positioning. In the first half of 2026, the SFS Group acquired the three Hoffmann partner companies Gödde GmbH, Oltrogge Werkzeuge GmbH, and Hch. Perschmann GmbH, as well as the majority of shares in Jellypipe AG (now Hoffmann Additive Manufacturing AG), a company specializing in 3D printing. This strengthens SFS’s market position in the trading business and further expands its technology offering. The acquisition of Harald Zahn GmbH, a leading supplier of fastening systems for flat roofs in Germany and Austria, strengthened the Fastening Systems segment’s market access.

On July 9, 2026, SFS has signed a purchase agreement to acquire Heartland Precision Fasteners, Inc. The American company specializes in the manufacture of high-grade fastening solutions for aircraft structures and propulsion systems. This acquisition will enable SFS to expand its aerospace activities into North America, thereby tapping into a strategically important growth market. The transaction is expected to be completed until the end of September 2026, subject to approval under merger control law and other regulations.

Expectations for the 2026 Financial Year Confirmed
Rigorous customer focus, forward-looking innovation projects and new growth applications will continue to take top priority with respect to SFS’s sustainable development. Implementation of the program to streamline the global production and distribution network launched in 2025 will continue.

The SFS Group confirms expectations for the 2026 financial year of sales growth in local currencies of 3–6%, including consolidation effects, and an adjusted EBIT margin of 12–15%.