Brief: Georg Fischer Lifts Strategy 2025 Targets, New EBIT Margin Of 10-12%

Georg Fischer AG

19/03/2024 05:57

March 19 (Reuters) - GEORG FISCHER AG  GF.S :
    * STRATEGY 2025 TARGETS LIFTED, REFLECTING ACQUISITIONS: NEW
EBIT
MARGIN RANGE IS 10–12% (COMPARED WITH 9–11%)
    * NEW ROIC TARGET RANGE IS 20-24% (COMPARED WITH 20–22%);
NEW
EBITDA MARGIN TARGET OF 13-15% ALSO INTRODUCED
    * PROPOSED DIVIDEND OF CHF 1.30 PER SHARE, UNCHANGED FROM
LAST
YEAR’S LEVEL
    * ECONOMIC CONDITIONS REMAIN GENERALLY SUBDUED BUT GF
EXPECTS A
GRADUAL IMPROVEMENT DURING THE COURSE OF THE YEAR AND FURTHER
ORGANIC GROWTH FOR THE FULL YEAR 2024
    * OPERATING PROFITABILITY (EBIT/EBITDA/ROIC) BEFORE
EXTRAORDINARY
ITEMS IS EXPECTED TO REACH THE REVISED STRATEGY 2025 TARGET
RANGES (EBIT MARGIN 10–12%; EBITDA MARGIN 13–15%; ROIC 20–24%)

Further company coverage:  GF.S 

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