SFS Reports Significant Increase in Profitability

SFS Group significantly increased its profitability in the first half of 2016 compared to the prior-year period and achieved an EBITA margin of 13.6%. Sales rose by 2.7% to CHF 689 million. SFS expects a steady course of business for the second half of the year.

SFS Group AG generated consolidated sales of CHF 688.8 million in the first half of 2016. This corresponds to a year-on-year increase of 2.7%. Growth resulted from changes in the scope of consolidation (+0.7%) and favorable currency movements (+2.1%). Excluding these positive effects, sales were practically unchanged from the previous year’s figure.

Business at the various segments and divisions varied widely, however. Both the Fastening Systems (+10.0%) and Distribution & Logistics (+0.8%) segment delivered higher sales at comparable basis, while sales at the Engineered Components segment declined by 5.1%