SFS realizes leap in growth in 2022
Media release – January 20, 2023
In the 2022 financial year, the SFS Group generated gross sales of CHF 2,746 million, which corresponds to strong growth of 45.1%. Good organic growth was generated in most end markets and regions throughout the year as a whole. The consolidation of Hoffmann as of May 1, 2022, caused sales at SFS to soar.
Due to the war in Ukraine, sustained disruption in supply chains, further waves of COVID-19 as well as sharply rising energy costs, interest rates and inflation, considerable uncertainty and high volatility were constant companions during the 2022 financial year. These circumstances notwithstanding, SFS exploited the opportunities that arose and generated good organic growth in most end markets and regions. With the inclusion of Hoffmann, SFS seized the exceptional strategic opportunity to establish a strong international position in the attractive quality tools market and boost sales considerably.
Overall, this resulted in gross sales of CHF 2,746.1 million during the year under review, which corresponds to strong year-on-year growth of 45.1%. Consolidation effects that mainly arose as a result of the closing of the transaction with Hoffmann as per May 1 accounted for 37.9% of the growth surge. Currency effects reduced sales growth by –1.9%.