Brief: Georg Fischer Reports H1 EBIT At CHF 184 Mln

Georg Fischer AG

20/07/2023 06:08

July 20 (Reuters) - GEORG FISCHER AG  GF.S :
    * STRATEGY 2025 IMPLEMENTATION ON TRACK, WITH TANGIBLE
RESULTS;
ESG KEY FIGURES WELL IN LINE WITH STRATEGIC TARGETS
    * VOLUNTARY RECOMMENDED CASH TENDER OFFER FOR UPONOR
RECEIVED
POSITIVELY AMONG KEY STAKEHOLDER GROUPS - SUCCESSFUL COMPLETION
OF TRANSACTION WOULD ENABLE ACCELERATED IMPLEMENTATION OF GF
PIPING SYSTEMS' STRATEGY 2025
    * H1 EBIT MARGIN OF 9.4%
    * IN 2023 EXPECTS TO ACHIEVE ORGANIC SALES GROWTH IN LINE
WITH ITS
STRATEGY 2025 AND OPERATING PROFIT WITHIN STRATEGY 2025 CORRIDOR
(EBIT MARGIN 9-11%)
    * OPERATING RESULT (EBIT) ROSE TO CHF 184 MILLION
    * H1 SALES AT CHF 1'961 MILLION (2022: CHF 1'971 MILLION),
ORGANICALLY UP 7.5%
    * NET PROFIT ATTRIBUTABLE TO GF SHAREHOLDERS AMOUNTED TO CHF
123
MILLION, COMPARED WITH CHF 125 MILLION IN FIRST HALF OF 2022
    * FREE CASH FLOW CAME IN AT MINUS CHF 131 MILLION

Source text for Eikon:  ID:nPexPf8Hna 
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