Brief: SFS Group Says Sales Of CHF 957.8 Mln Were Generated In First Half Of Year, Which Corresponds To Year-On-Year Growth Of 23.8%

SFS AG

20/07/2021 06:19

July 20 (Reuters) - SFS Group AG  SFSN.S :
    * SALES OF CHF 957.8 MILLION WERE GENERATED IN FIRST HALF OF
YEAR,
WHICH CORRESPONDS TO YEAR-ON-YEAR GROWTH OF 23.8%
    * CAPITAL EXPENDITURE FOR FIRST HALF YEAR AMOUNTED TO CHF
46.9
MILLION, WHICH CORRESPONDS TO 4.9% OF SALES
    * SFS EXPECTS SALES GROWTH TO A LEVEL OF AROUND CHF 1.9
BILLION
FOR FULL 2021 FINANCIAL YEAR AT AN EBIT MARGIN OF APPROXIMATELY
15%
    * EBIT MARGIN OF 17.1% IN FIRST HALF OF 2021 CORRESPONDS TO
A
YEAR-ON-YEAR INCREASE OF 7.9 PERCENTAGE POINTS
    * SFS GROUP - CURRENTLY PLANNING TO EXPAND PRODUCTION
CAPACITY OF
FACTORY IN NANTONG (CHINA); EXPANSION WILL ENLARGE PRODUCTION
AREA BY APPROX. 70%

Source text for Eikon:  ID:nNDL2GclVK 
Further company coverage:  SFSN.S 

 ((Reuters.Briefs@thomsonreuters.com;))