Schaffhausen, 20 July 2023

Mid-Year Report 2023

Andreas Müller, CEO | Mads Joergensen, CFO

© GF v3.0

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, CO2e 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 v3.0

GF Corporation

Solid organic sales growth as a result of strong market positions

(Sales in CHF million)

Organic

H1 2022

+7.5%

1′971

1′961

+4.2%

1′094

1′065

+20.0%

449

471

H1 2023

+3.7%

431

426

GF Corporation

GF Piping Systems

GF Casting Solutions

GF Machining Solutions

3 Schaffhausen, 20 July 2023 | Mid-Year Report 2023

© GF v3.0

GF Corporation

Profitability within strategic corridor - despite material currency headwinds

(EBIT margin in %)

14.4

Strategic objectives 2025

H1 2022

13.2

13~15%

H1 2023

9.1

9.4

9~11%

9~11%

7.5

3.2

8~10%

4.7

4.0

GF Corporation

GF Piping Systems

GF Casting Solutions

GF Machining Solutions

4 Schaffhausen, 20 July 2023 | Mid-Year Report 2023

© GF v3.0

as % of total sales

GF Corporation

Sustainability targets well on track, CO2e 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

CO2e 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

© GF v3.0

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

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.