Jul 18, 2024 / NTS GMT
Jens Breu - SFS Group AG - Chief Executive Officer, Member of the Group Executive Board
(Audio in progress) key takeaways first half 2024, which can be best summarized as stable development. The economic environment in the first half of 2024 has been challenging market by inconsistent business performance and inventory reductions in individual end markets. Total third-party sales of CHF1.5449 billion was generated corresponding to a reduction of minus 2.3% versus first half 2023. The currency effect reduced sales growth by minus 2.4%.
On a like-for-like basis, a slight organic growth of 0.1% was realized. The operating profit EBIT of CHF180.8 million is influenced by mix effects, uneven capacity utilization. The EBIT margin amounts to 11.7%. The key projects and investments were continuously driven forward. That includes the ramp-up of precision components and assemblies for electric brake systems in Heerbrugg, Switzerland and Medina, Ohio, US.
The completion of the second expansion phase in the location in Nantong, China. The acquisition of land suitable for building up a larger site in
Half Year 2024 SFS Group AG Earnings Call Transcript
Jul 18, 2024
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