Brief: Georg Fischer FY Sales Up 7.4% At CHF 4 Bln

Georg Fischer AG

01/03/2023 06:08

March 1 (Reuters) - GEORG FISCHER AG  GF.S :
    * FY NET PROFIT SHAREHOLDERS GF INCREASED BY 29% TO CHF 276
MILLION (2021: CHF 214 MILLION)
    * PROPOSED DIVIDEND OF CHF 1.30 PER SHARE (2021 ADJUSTED:
CHF 1.00
PER SHARE)
    * FY SALES OF CHF 4.0 BILLION (2021: CHF 3.7 BILLION), UP
7.4%
(ORGANICALLY UP 13.5%), DRIVEN BY HIGH DEMAND FOR SUSTAINABLE
SOLUTIONS
    * BARRING ANY UNFORESEEN CIRCUMSTANCES, GF EXPECTS TO
CONTINUE
GROWING WITH AN OPERATING PROFITABILITY IN THE STRATEGY 2025
CORRIDOR (EBIT MARGIN 9-11%)
    * FY ORDER INTAKE INCREASED TO CHF 4.2 BILLION(+4.2%, +10.3%
ORGANIC).
    * EXPECTS A FURTHER RECOVERY IN PREVIOUSLY SUBDUED MARKETS,
SUCH
AS AEROSPACE OR MARINE

Further company coverage:  GF.S 

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