Despite the challenges experienced over the last year, SFS Group has increased its expectations for 2021 as the demand has intensified and continued past 2020.
SFS have assumed a sustained dynamic development in the second half of the year, expecting sales of around CHF 1.9 billion and an EBIT margin of around 15% for the 2021 financial year.
As a result of efficient capacity utilization and strict cost management, profitability shows a distinct positive development, according to the group. In some areas the high demand puts a considerable strain on the supply chains, which leads to price increases that have to be passed on to the market.
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.
Additionally, SFS has continued to pursue its priorities of sustainability as it hopes to reduce its emissions by 90% by 2030 and has developed a roadmap on how to reach that goal.