FY Oper Profit Up At CHF 243.1 Mln, Increased Dividend

SFS AG

08/03/2019 06:20

March 8 (Reuters) - SFS Group AG  SFSN.S :
    * ACHIEVED SOLID SALES GROWTH OF 6.5% IN THE 2018 FINANCIAL
YEAR,
LIFTING ITS CONSOLIDATED SALES TO CHF 1,739 MILLION
    * FY OPERATING PROFIT INCREASED BY 4.2% TO CHF 243.1 MILLION
    * FY NET PROFIT FOR THE YEAR ROSE BY 21.9% TO CHF 193.9
MILLION
    * DIVIDEND PAYMENT SHALL BE INCREASED BY 5.3%
    * TO PROPOSE AN INCREASE IN THE PAYOUT TO CHF 2.00 PER SHARE
(PREVIOUS YEAR: CHF 1.90) AT THE PENDING AGM
    * NEGOTATIONS ON A STRATEGIC COLLABORATION WITH TRIANGLE
FASTENERS: SFS EXPECTS FINAL RESULTS IN THE NEXT FEW WEEKS
    * OUTLOOK 2019:  EXPECTS THE ADJUSTED EBIT MARGIN FOR
FINANCIAL
2019 TO BE IN A RANGE FROM 13% ─ 15%
    * EXPENDITURES IN CONNECTION WITH THE COMMISSIONING OF THE
NEW
MANUFACTURING PLATFORM IN NANTONG (CHINA) WILL RESULT IN ONE-OFF
COSTS IN THE LOW DOUBLE-DIGIT MILLIONS IN 2019
    * ACCOUNTING GAINS ON THE DISPOSAL OF REAL ESTATE ARE LIKELY
TO BE
RECOGNIZED
    * NET EFFECT OF THESE ONE-OFF EFFECTS ON REPORTED EBIT FOR
2019 IS
LIKELY TO RANGE FROM THE HIGH SINGLE-DIGIT TO LOW DOUBLE-DIGIT
MILLION AMOUNT

    
 Source text - https://bit.ly/2J08oiG
    
 Further company coverage:  SFSN.S  
   


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