SFS Group seen down 2% after sales miss

SFS AG

24/01/2025 07:29

** Shares in SFS Group  SFSN.S  are seen down around 2% in
premarket trade after the Swiss fastening systems maker posted
FY sales slightly below expectations
    ** FY sales came in at CHF 3,039 million vs consensus of CHF
3,070 million
    ** After a significant growth spurt last year following
Hoffmann acquisition, full-year sales remained flat and overall
picture did not brighten sequentially in H2, Vontobel says
    ** "With industry sentiment in recessionary territory
(global industry PMI threshold of 49.6 in Dec.), SFS is not
expected to make much progress either," the broker adds

 (Reporting by Amir Orusov)
 ((Amir.orusov@thomsonreuters.com))