SFS Group increases 2021 expectations as demand increases

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.

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