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SFS Group AG

06/10/2021 | Press release | Distributed by Public on 06/10/2021 10:19

SFS Group increases expectations for 2021

SFS Group increases expectations for 2021

Ad hoc announcement pursuant to Art. 53 KR - 10 June 2021

In the current financial year, the sustained high demand, which had already been observed since the third quarter of 2020, has continued. The development of demand is broad-based and has even intensified in some areas in the current year. As a result of the good capacity utilization, profitability shows a distinct positive development. In the light of this situation and the assumption of a sustained dynamic development in the second half of the year, SFS Group expects sales of around CHF 1.9 billion and an EBIT margin of around 15% for the 2021 financial year.

The sustained high demand had been observed since the third quarter of 2020 and has continued in the current financial year. The development of demand is broad-based in terms of markets, divisions and regions. It intensified in some areas and is above the initial expectations for 2021.

As a result of the good capacity utilization and paired with strict cost management, profitability shows a distinct positive development. In some areas the very high demand puts a considerable strain on the supply chains, which leads to price increases that have to be passed on to the market.

Assuming a continuous dynamic development in the second half of the year, SFS expects organic sales growth to a level of around CHF 1.9 billion for the 2021 financial year at an EBIT margin of approximately 15%. Due to the persisting COVID-19 pandemic, the outlook for the full financial year 2021 remains subject to risks and uncertainties. Detailed information on the course of business will be published in the 2021 half-year report on July 20, 2021.