Brief: Georg Fischer H1 Sales At Chf 2'407 Million, Up 22.8% Yoy

Georg Fischer AG

18/07/2024 05:39

July 18 (Reuters) - GEORG FISCHER AG  GF.S :
    * H1 SALES REACHED CHF 2'407 MILLION, UP BY 22.8% (2023: CHF
1'961
MILLION); ORGANIC SALES WERE 3.2% BELOW THE FIRST HALF OF 2023
    * H1 COMPARABLE OPERATING RESULT (EBIT) AMOUNTED TO CHF 220
MILLION AT A MARGIN OF 9.1% (2023: CHF 184 MILLION, EBIT MARGIN
OF 9.4%)
    * H1 REPORTED EBIT OF CHF 194 MILLION (EBIT MARGIN 8.0%)
    * BUSINESS MOMENTUM IN THE SECOND QUARTER OF 2024
ACCELERATED,
SETTING THE STAGE FOR A SOLID PERFORMANCE FOR THE FULL YEAR 2024
    * H1 ORDER INTAKE REACHED CHF 2'367 MILLION, WHICH IS CHF
442
MILLION ABOVE THE FIRST HALF OF 2023
    * FREE CASH FLOW BEFORE ACQUISITIONS/DIVESTMENTS CAME IN AT
MINUS
CHF 40 MILLION (2023: MINUS CHF 66 MILLION)
    * CONTINUES TO EXPECT SOLID PERFORMANCE FOR 2024, WITH
PROFITABILITY IN THE STRATEGIC TARGET CORRIDOR (COMPARABLE
EBITDA MARGIN OF 13-15% AND COMPARABLE EBIT MARGIN OF 10-12%)

Further company coverage:  GF.S 

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