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SFS IPO Worth CHF 641 Million
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2014-07-25
Swiss components group SFS launched an initial public offering on the Swiss Stock Exchange on 7th May, pricing its shares at CHF 64.
The IPO price gives an implied full market value for the company at around CHF 2.4 billion. SFS placed just over ten million shares, equating to 26.7% of its share capital. Half of the shares were new. During initial hours of trading shares rose by more than 5% in value. SFS says it plans to use proceeds for growth by expansion as well as acquisitions.
(Unit: Million) | SFS | |||
Particulars | Sales | Organic Growth | EBITA | EBITA Margin |
2013 | 1,331 | 1.7% | 195.4 | 14.7% |
2012 | 1,193 | --- | 140.7 | 11.9% |
Change | +11.5% | --- | +38.9% | +2.8 pts. |
