Brief: Siegfried Says FY Net Sales CHF 1.272 Bln, up 6.3% Versus Prior Year In Local Currencies

Siegfried Holding AG

20/02/2024 04:51

Feb 19 (Reuters) - Siegfried Holding AG  SFZN.S :
    * SIEGFRIED FY NET SALES CHF 1.272 BILLION (+6.3% INCREASE
VERSUS
PRIOR YEAR IN LOCAL CURRENCIES)
    * FY CORE NET PROFIT OF CHF 128.1 MILLION (PRIOR YEAR CHF
127.8
MILLION)
    * FY ADJSUTED EBITDA OF CHF 273.3 MILLION
    * FOR 2024,THE COMPANY EXPECTS A SALES GROWTH IN THE LOW
SINGLE-DIGIT PERCENTAGE RANGE IN LOCAL CURRENCIES
    * FY ADJSUTED EBITDA MARGIN OF 21.5%
    * FOR 2024, COMPANY EXPECTS A CORE EBITDA MARGIN AT OR ABOVE
THE
LEVEL OF 2023
    * SIEGFRIED :   TO PROPOSE AT THE ANNUAL GENERAL MEETING AN
INCREASE OF THE DISTRIBUTION TO SHAREHOLDERS BY CHF 0.20 TO CHF
3.60 PER SHARE
    * SIEGFRIED : FOR 2024 CAPITAL EXPENDITURES WILL BE ELEVATED
DUE
TO ONGOING PROJECTS IN MINDEN, EVIONNAZ & AT DINAMIQS AT MID
TEENS PERCENTAGE OF SALES.
    * SIEGFRIED : FOR 2024 , SIEGFRIED EXPECTS CONTINUED
PROFITABLE
GROWTH AT OR ABOVE MARKET (EXCLUDING M&A), WHILE STEPWISE
EXPANDING PROFITABILITY
    * COMPANY PLANS FOR AVERAGE ANNUAL CAPITAL EXPENDITURES IN
LOW
TEENS PERCENTAGES OF SALES

Source text: http://tinyurl.com/27pbpku2
Further company coverage:  SFZN.S 

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