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Georg Fischer : Mid-Year Report 2023 - Presentation
July 20, 2023 at 03:42 am EDT
Schaffhausen, 20 July 2023
Mid-Year Report 2023
Andreas Müller, CEO | Mads Joergensen, CFO
GF Corporation
Good performance in challenging times, building on our strengths for long-term growth
Sales at CHF 1'961 million (2022: CHF 1'971 million), organically up 7.5%
Operating result increased to CHF 184 million, EBIT margin of 9.4% (2022: 9.1%)
Geopolitical tensions and challenging macroeconomic environment triggered muted development of selected markets and regions
Sales with sustainable solutions well on track, CO 2 e reduction ahead of plan
Strategy 2025 implementation well on track
Public tender offer for Uponor received positive reaction from capital market, customers and employees
2 Schaffhausen, 20 July 2023 | Mid-Year Report 2023
GF Corporation
Solid organic sales growth as a result of strong market positions
(Sales in CHF million)
GF Corporation
GF Piping Systems
GF Casting Solutions
GF Machining Solutions
3 Schaffhausen, 20 July 2023 | Mid-Year Report 2023
GF Corporation
Profitability within strategic corridor - despite material currency headwinds
(EBIT margin in %)
Strategic objectives 2025
GF Piping Systems
GF Casting Solutions
GF Machining Solutions
4 Schaffhausen, 20 July 2023 | Mid-Year Report 2023
as % of total sales
GF Corporation
Sustainability targets well on track, CO2 e emissions further reduced by 15%
For GF Piping Systems
and GF Casting Solutions
Sales with social or environmental benefits
80
63%
70%
70
60%
60
50
40
30
20
10
0
H1
H1
Target
2022
2023
2025
CO2 e emissions
23%
scope 1 and 2, in 1'000 tonnes
180
165
154
newly appointed
managers are women
160
140
116
120
99
100
80
60
40
20
0
Baseline
H1
H1
H1
Target
2025 target: 25%
2021
2022
2023
2026
5 Schaffhausen, 20 July 2023 | Mid-Year Report 2023
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Georg Fischer AG published this content on 20 July 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 20 July 2023 07:41:03 UTC .
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Apr. 29
MT
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Apr. 26
MT
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Apr. 10
MT
Finland's Uponor Applies for Nasdaq Helsinki Delisting
Mar. 22
MT
Georg Fischer AG Reports Earnings Results for the Full Year Ended December 31, 2023
Mar. 19
CI
Transcript : Georg Fischer AG, 2023 Earnings Call, Mar 19, 2024
Mar. 19
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Mar. 19
MT
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Feb. 23
US Futures Flat, European Stocks Mixed
Feb. 23
DJ
Georg Fischer Shelves Capital Raising Plan
Feb. 23
MT
Georg Fischer Unit Partners with Prewave for Easier Monitoring of Supply Chain Sustainability Risks
Dec. 20
MT
Georg Fischer Amasses 97% Stake in Uponor Following Subsequent Offer
Nov. 28
MT
Georg Fischer AG (SWX:GF) completed the acquisition of 81.1% stake in Uponor Oyj from group of shareholders.
Nov. 20
CI
Transcript : Georg Fischer AG - Special Call
Nov. 16
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Nov. 13
MT
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Nov. 13
CI
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Nov. 12
CI
Georg Fischer to Commence Subsequent Offer Period for Uponor Shares
Nov. 06
MT
Georg Fischer Unit Forms Piping Systems JV with Corys Piping Systems
Nov. 02
MT
Georg Fischer Builds 92% Stake in Uponor Following Tender Offer
Nov. 01
MT
Uponor Shareholder Aliaxis Agrees Sale of 20% Stake to Georg Fischer
23-10-27
MT
Georg Fischer Unit Enters Ion Exchange Adsorption Technology Partnership in China
23-10-27
MT
Georg Fischer Gets EU Clearance for Proposed Takeover of Uponor
23-10-20
MT
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23-10-17
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23-10-16
MT
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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Georg Fischer AG is a Switzerland-based company engaged in the development of systems for industrial applications. The Company operates through three business segments: GF Piping Systems, GF Casting Solutions, and GF Machining Solutions. GF Piping Systems is a supplier of piping systems made of plastics and metal. The division focuses on system solutions and components for the safe transport of water, chemicals and gas, as well as offers corresponding services. GF Casting Solutions develops and manufactures lightweight casting solutions and systems made of aluminum, magnesium and iron for the global automotive industry, as well as for industrial applications. GF Machining Solutions provides complete solutions to the tool and mold making industry and to manufacturers of precision components. The portfolio includes milling, wire cutting and electric discharge machines (EDM), spindle systems, laser texturing, additive manufacturing, as well as automation and digitalization solutions.
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Last Close Price
68.8
CHF
Average target price
75.14
CHF
Spread / Average Target
+9.22%
Consensus
1st Jan change
Capi.
+13.18% 6.23B +13.94% 86.09B +18.07% 69.35B +19.77% 36.87B +25.16% 34.59B +10.85% 28.08B +4.71% 27.22B +4.77% 26.91B +19.42% 25.31B +15.10% 24.95B
Other Industrial Machinery & Equipment
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