新闻报道 - 乔治费歇尔集团

GF appoints new President of GF Piping Systems

Wed, 21 May 2025 05:00:00 +0000

日期:

2025/5/21 - 上午7:00

The Board of Directors of GF has nominated Thomas Hary as new President of GF Piping Systems, effective 1 June 2025. He succeeds Andreas Müller who has assumed the position on an interim basis alongside his role as CEO of GF.

Thomas Hary (44), a German citizen, has held various positions at GF since joining the company in 2005. He began his career in strategic planning at GF Machining Solutions and moved to GF Piping Systems in 2011. In early 2014, he was appointed CFO of the Business Unit Americas. In 2016, he transitioned to GF Casting Solutions as CFO. Since 1 October 2019, he has served as CFO of GF Piping Systems until December 2023. He then took over as Head of the Business Unit Industry/Utility at GF Piping Systems. Thomas Hary holds a Master of Science degree in Business Administration and Economics from the University of Mannheim (Germany).

With a career spanning three GF divisions and deep experience across a wide range of business segments, Thomas Hary brings broad market and product expertise to his new role. He possesses an in-depth understanding of GF Piping Systems, built through many years in operational and key financial leadership roles. Thomas Hary has played a pivotal role in strengthening global cooperation across GF’s international and local organizations.

Thomas Hary will join the GF Executive Committee led by CEO Andreas Müller. The Executive Committee also includes CFO Mads Joergensen and the Division Presidents Michael Rauterkus (GF Building Flow Solutions), Carlos Vasto (GF Casting Solutions, currently under strategic review), and Ivan Filisetti (GF Machining Solutions, currently in the divestment process).

For further information please contact

Beat Römer, Head Corporate Communications
+41 (0) 79 290 04 00, media@georgfischer.com

Christoph Ladner, Investor Relations
+41 (0) 52 547 13 50, ir@georgfischer.com

下载:

Media Release: GF appoints new President of GF Piping Systems (PDF/ 110 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2025/20250521-media-release-gf-appoints-new-president-of-gf-piping-systems-en.pdf

Medienmitteilung: GF ernennt neuen Präsidenten von GF Piping Systems (PDF/ 63 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2025/20250521-media-release-gf-appoints-new-president-of-gf-piping-systems-de.pdf

Contacts:

Beat Römer
集团传讯部门负责人
Georg Fischer AG
Amsler-Laffon-Strasse 9
8201 Schaffhausen
Switzerland
手机: +41 52 631 11 11
网站: https://www.georgfischer.com/
电子邮件: media@georgfischer.com<

Christoph Ladner
Investor Relations
Georg Fischer AG
Amsler-Laffon-Strasse 9
8201 Schaffhausen
Switzerland
电子邮件: ir@georgfischer.com<
<

GF集团拥有丰富的工业创新历史，并且正在积极重塑自身，以成为工业、基建和楼宇的流体解决方案的全球领导者。凭借旗下的GF管路系统和GF楼宇方案两大事业部，GF在全球范围内提供液体和气体的安全高效运输解决方案。作为战略转型的一部分，GF正在剥离其GF加工方案事业部，并正在评估GF成型方案事业部的战略可能性方向。GF公司成立于1802年，总部位于瑞士，截止到2024年底，GF在全球46个国家设有184家公司，其中74家为制造型公司。在2024年，GF拥有约19,000名专业员工，共计创造了47.76亿瑞士法郎的销售额。GF集团已在瑞士证券交易所上市。

GF raises CHF 400 million on the Swiss debt capital market

Tue, 20 May 2025 16:00:00 +0000

日期:

2025/5/20 - 下午6:00

Today, GF raised CHF 400 million on the Swiss debt capital market and is taking advantage of the improved market conditions. With the bond issuance GF reached a further important milestone regarding the refinancing of the bank loans used for the financing of the Uponor acquisition in November 2023.

The new bonds were issued in two tranches with terms of 4 and 8 years. The 4-years bond reached a volume of CHF 200 million at a coupon of 1.03% and the 8-years bond reached a volume of CHF 200 million at a coupon of 1.545%. The bonds have been issued through the lead banks Commerzbank AG and Deutsche Bank AG.

The bonds will be listed on the SIX Swiss Exchange and the payment day will be 6 June 2025.

DISCLAIMER

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES NOR DOES IT CONSTITUTE A PROSPECTUS WITHIN THE MEANING OF ARTICLE 652A OR 1156 OF THE SWISS CODE OF OBLIGATIONS OR A LISTING PROSPECTUS PURSUANT TO THE LISTING RULES OF THE SIX SWISS EXCHANGE.

For further information please contact

Beat Römer, Head Corporate Communications
+41 (0) 79 290 04 00, media@georgfischer.com

Christoph Ladner, Investor Relations
+41 (0) 52 547 13 50, ir@georgfischer.com

下载:

Media Release: GF raises CHF 400 million on the Swiss debt capital market (PDF/ 110 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2025/20250520-media-release-gf-raises-chf-400-million-on-swiss-debt-capital-market-en.pdf

Medienmitteilung: GF nimmt CHF 400 Mio. am Schweizer Kapitalmarkt auf (PDF/ 62 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2025/20250520-media-release-gf-raises-chf-400-million-on-swiss-debt-capital-market-de.pdf

Contacts:

GF to acquire leading metal valve specialist for Infrastructure Flow Solutions

Fri, 09 May 2025 05:00:00 +0000

日期:

2025/5/9 - 上午7:00

This is an ad hoc announcement pursuant to Article 53 of the Listing Rules (LR) of the SIX Exchange Regulation AG.

GF has signed an agreement to acquire VAG-Group, headquartered in Mannheim (Germany), a renowned global manufacturer and supplier of water utility valve solutions. The transaction is a next step toward GF’s vision of becoming the global leader in Flow Solutions and allows GF to leverage its market position in the infrastructure sector, especially in Europe and the Middle East.

Founded in 1872, VAG-Group has earned a strong reputation as a global full-service provider of high-quality water utility valves for potable water, wastewater infrastructure, dam/hydro, industrial and power end markets. The company employs approximately 1’000 people and operates production plants and sales offices across Europe, the Americas, India, the Middle East, South-East Asia, Africa, and China. VAG-Group, which is currently owned by Aurelius Alpha Invest New GmbH, part of the international private equity investor Aurelius, generates annual sales of approximately EUR 200 million (approx. CHF 190 million).

“Metal valves are a key element of utility water networks. The acquisition of VAG nicely rounds up the GF portfolio in Infrastructure Flow Solutions to include pipes, fittings, valves, connection technology, stormwater management and repair solutions. By combining our strong brands and complementary product portfolios, GF reinforces its position in both the aging water infrastructure and new buildings markets, while also opening doors to new industrial segments,” said Andreas Müller, GF CEO. “This move brings us a step closer to realizing our vision of becoming the global leader in Flow Solutions for buildings, industry and infrastructure.”

The VAG-Group specializes in products such as gate valves, butterfly valves, control valves, and check valves, which are used in critical infrastructure including water pipelines, transmission lines, dams, and power plants, as well as in specific industries such as desalination. Its portfolio also features complementary products that enhance GF’s solutions for stormwater management and help mitigate water loss in distribution networks. VAG-Group’s dedication to sustainable innovation and quality, as well as customer service, is perfectly aligned with GF's corporate culture and values.

The value of the transaction is expected to be in the range of CHF 200 million, subject to the fulfillment of customary closing conditions. Closing is anticipated by year-end. The transaction will be financed through operating cash flows and the expected proceeds from the closing of the divestment of GF Machining Solutions.

For further information please contact

Beat Römer, Head Corporate Communications
+41 (0) 79 290 04 00, media@georgfischer.com

Christoph Ladner, Investor Relations
+41 (0) 52 547 13 50, ir@georgfischer.com

下载:

Media Release: GF to acquire leading metal valve specialist for Infrastructure Flow Solutions (PDF/ 161 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2025/20250509-media-release-gf-to-acquire-leading-metal-valve-specialist-en.pdf

Medienmitteilung: GF übernimmt führenden Spezialisten für Metallarmaturen im Bereich Infrastructure Flow Solutions (PDF/ 149 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2025/20250509-media-release-gf-to-acquire-leading-metal-valve-specialist-de.pdf

Contacts:

Annual Shareholders' Meeting 2025: All proposals approved

Wed, 16 Apr 2025 16:00:00 +0000

日期:

2025/4/16 - 下午6:00

At the 129th Annual Shareholders’ Meeting of Georg Fischer AG, shareholders approved all proposals put forward by the Board of Directors. KPMG AG was elected as the company’s new external auditor.

678 shareholders, representing 857’176 shares with voting rights, attended the event held at the IWC Arena in Schaffhausen (Switzerland). The independent proxy represented 44’519’967 shares. In total, 72.41% of the registered shares with voting rights were represented at the Annual Shareholders’ Meeting.

The Annual Financial Statement and the 2024 Consolidated Financial Statements, the report on non-financial matters ("Sustainability Statement"), and the Compensation Report (in an advisory vote) were all approved. Shareholders also approved an increased dividend of CHF 1.35 per share (2024: CHF 1.30), to be paid on 24 April 2025. The Board of Directors and the Executive Committee were granted discharge for their activities in the 2024 financial year.

All members of the Board of Directors standing for re-election were confirmed for another one-year term. Monica de Virgiliis did not stand for re-election for personal reasons. As a result, the Board now consists of seven members. Yves Serra was re-elected as Chairman of the Board, and Eveline Saupper was confirmed as Vice Chair and Independent Lead Director. She will also assume the chair of the Compensation Committee, which continues to include Annika Paasikivi and Michelle Wen. The composition of the remaining committees was defined by the Board of Directors (see attachment).

As part of its commitment to good corporate governance, the Board of Directors put the audit mandate out for tender after 13 years. The previous auditor, PwC, was no longer eligible to reapply. The shareholders elected KPMG AG as the new external auditor for the 2025 financial year.

The next Annual Shareholders’ Meeting will take place on Wednesday, 15 April 2026.

Photos of the event are available in the GF image database.

下载:

Constitution GF Board of Directors 2025 (PDF/ 15 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2025/250416-constitution-of-the-board-of-directors-en.pdf

Resolution Minutes (PDF/ 211 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2025/250417-resolution-minutes-en.pdf

Media Release: Annual Shareholders’ Meeting 2025: All proposals approved (PDF/ 152 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2025/20250416-media-release-annual-shareholders-meeting-2025-en.pdf

链接:

Annual Shareholders' Meeting 2025: All proposals approved

Contacts:

Annual results 2024: GF resilient amid challenging markets – strategic transformation underway

Wed, 26 Feb 2025 05:30:00 +0000

日期:

2025/2/26 - 上午6:30

This is an ad hoc announcement pursuant to Article 53 of the Listing Rules (LR) of the SIX Exchange Regulation AG.

The Annual Report 2024 and the presentation of the financial year 2024 are available on GF’s website www.georgfischer.com/en/investors/reports-and-presentations/annual-report.html.

The 2024 results briefing for analysts and journalists will be held on 26 February 2025 at 10:00 a.m. CET. Please use the following link to join the live webcast.

Sales reached CHF 4’776 (4’026) million, up 18.6%; sales organically declined by 2.6%
Solid comparable operating result (EBIT) of CHF 449 (389) million, with a comparable EBIT margin of 9.4% (9.7%). Reported operating result was CHF 389 (365) million, with a margin of 8.1% (9.1%)
Divestment of GF Machining Solutions on track; evaluation process for GF Casting Solutions ongoing
Uponor integration well underway, division renamed GF Building Flow Solutions
Successful placement of CHF 650 million in bonds with favorable conditions
GF Board proposes a dividend of CHF 1.35 (1.30) per share for 2024
(Figures in brackets, unless otherwise stated, refer to the same period in the previous year.)

Andreas Müller, CEO GF, says: “2024 was an exceptional year for GF. We delivered a very solid performance in a turbulent environment and took decisive steps to transform our organization. We further strengthened our operational excellence and made great progress with regard to sustainability, creating a strong foundation for the opportunities ahead. This progress would not have been possible without the dedication of our employees, and I am truly grateful for their support during this transformation and their role in shaping GF’s future as an industry leader.”

In 2024, GF announced the most significant transformation in its corporate history to become the global leader in Flow Solutions. Over the course of the year, GF once again demonstrated its resilience amid persistently challenging markets, adversely affected by ongoing geopolitical tensions, the strong Swiss franc and sluggish construction and automotive sectors in Europe.

In line with the announced new strategic direction, GF signed an agreement to divest GF Machining Solutions to United Grinding Group, a Swiss-based global leader in grinding technology. The transaction is expected to close in the first half of 2025. The divestment of GF Machining Solutions allows GF to increase its strategic flexibility in order to pursue further growth opportunities as well as value-generating investments in Flow Solutions for Industry, Infrastructure and Buildings. Additionally, an evaluation of strategic options for GF Casting Solutions, a leader in lightweight casting components, is underway.

The integration of Uponor is well on track. Key achievements in 2024 included the combination of Uponor's infrastructure business with GF Piping Systems, while GF Piping Systems’ Building Technology business was moved to GF Building Flow Solutions. GF laid the foundation for future commercial synergies by introducing a complementary combined GF Building Technologies and Uponor product offering to customers around the world. A new compelling innovation pipeline for Building Flow Solutions will be unveiled at ISH, the leading European plumbing trade fair, in March 2025. Another milestone was the creation of a joint procurement team for GF Piping Systems and GF Building Flow Solutions, which led to an immediate increase in efficiency and cost savings. Synergies (value creation program) amounted to CHF 17 million, above the target communicated in mid-year 2024.

In response to soft markets, GF additionally announced in mid-2024 the launch of a company-wide performance improvement program to lower the 2024 cost base by CHF 50 million. The program progressed according to plan and the target amount was reached. GF’s strong market position, combined with its innovation capability and cost improvement program, played a key role in partially offsetting the challenging market conditions.

GF is making significant progress towards its sustainability objectives for 2025. Sales from products or solutions that deliver social or environmental benefits for GF’s customers reached 76%¹ (2023: 68% excluding acquisitions), exceeding the 74% target² set for 2025. Additionally, Scope 1 and 2 CO₂e emissions decreased by 50% compared with the 2019 baseline. GF’s safety performance also improved, achieving a low accident rate. As a result, GF was awarded the prestigious “A” score from the global rating agency CDP in recognition of its transparency and achievements in addressing climate change. By 2026, GF plans to establish net-zero targets aligned with the 1.5°C pathway recommended by the Paris Agreement. This underscores the strategic importance of sustainability, which is firmly embedded in GF’s daily business activities. Furthermore, focusing on the Flow Solutions business increases GF’s attractiveness to all stakeholders by addressing global challenges such as water scarcity, energy efficiency and sustainability.
_________________

¹The data point includes the acquisitions made end of 2023.
²At the end of 2023, GF acquired the company Uponor, which subsequently became GF’s fourth division, GF Building Flow Solutions, in 2024. In light of this acquisition, GF has revised its baseline and objectives within the Sustainability Framework 2025 to incorporate GF Building Flow Solutions. The revised objectives maintain the same level of ambition and reduction as those established prior to the acquisition, as detailed in the Sustainability Statement.

Solid performance despite market slowdown

Order intake reached CHF 4’634 (3’938) million, despite challenges in the European construction industry and the automotive sector, as well as delays in industrial projects worldwide.

GF sales in 2024 amounted to CHF 4’776 (4’026) million. Organically, sales decreased by 2.6%. Currency effects negatively affected sales by CHF 128 million.

Comparable operating result (EBIT) excluding PPA effects on inventory and items affecting comparability reached CHF 449 (389) million, with a comparable EBIT margin of 9.4% (9.7%). Reported operating result (EBIT) stood at CHF 389 (365) million, with an EBIT margin of 8.1% (9.1%). Comparable operating result before depreciation and amortization (EBITDA) reached CHF 618 (511) million and reported EBITDA reached CHF 560 (486) million.

The comparable return on invested capital (ROIC) was 19.9% (21.5%), and ROIC was 17.2% (19.8%).

Free cash flow before acquisitions reached CHF 184 (134) million, despite the impact of acquisition financing costs and certain items affecting comparability, with a cash effect in the range of CHF 80 million. Financing costs will decrease significantly following the company’s successful refinancing through corporate bonds and the completion of the announced divestment. In November 2024, GF raised CHF 650 million on the Swiss debt capital market in two tranches: CHF 300 million for 3 years at a coupon of 1.25% and a 7-year bond of CHF 350 million at 1.55%. This marked the largest bond issuance in GF’s history and GF’s balance sheet remained healthy.

_________________

1) The data point includes the acquisitions made end of 2023.
2) At the end of 2023, GF acquired the company Uponor, which subsequently became GF’s fourth division, GF Building Flow Solutions, in 2024. In light of this acquisition, GF has revised its baseline and objectives within the Sustainability Framework 2025 to incorporate GF Building Flow Solutions. The revised objectives maintain the same level of ambition and reduction as those established prior to the acquisition, as detailed in the Sustainability Statement.

Net profit attributable to shareholders of GF amounted to CHF 214 (235) million.

At the upcoming Annual Shareholders’ Meeting, the Board of Directors will propose a dividend per share of CHF 1.35 (1.30).

At the end of 2024, GF employed 19’023 (19’824) people.

IMPORTANT NOTE: The following results for the GF Building Flow Solutions division (formerly GF Uponor) still reflect the former GF Uponor’s activities. The organizational changes that have been implemented (moving the Building Technology segment from GF Piping Systems to GF Building Flow Solutions, and Uponor Infrastructure from GF Building Flow Solutions to GF Piping Systems) will be reflected in financial reporting starting with the 2025 results.

GF Piping Systems

GF Piping Systems’ order intake reached CHF 1’905 (1’954) million and sales reached CHF 1’971 (2’066) million. Order intake and sales were negatively affected by delays in microelectronics projects and overall weaker markets, in particular in the APAC region.

The division’s comparable EBIT stood at CHF 250 (275) million, resulting in a comparable EBIT margin of 12.7% (13.3%), which is within the range of the Strategy 2025 targets. Reported EBIT was CHF 234 (275) million, with an EBIT margin of 11.9% (13.3%). The impact of currency movements on the division’s EBIT was minus CHF 20 million. Profitability was supported by the value creation program and the cost-saving initiatives.

The division made significant inroads into the Marine and Cooling business, backed by key framework agreements with global customers, partially offsetting subdued market segments such as microelectronics. The division also strengthened its presence in the promising Gulf region markets, with an expansion of prefabrication capabilities in Abu Dhabi (UAE) and the opening of new sales offices in the region. In North Africa, it inaugurated a new plant in Cairo (Egypt), paving the way for future growth.

GF Building Flow Solutions

GF Building Flow Solutions (formerly GF Uponor) reached sales of CHF 1’083 million. While markets in North America showed solid development throughout the year, demand in Europe remained subdued. Joint cross-divisional commercial activities in the US, as well as in Europe, provided positive momentum.

Excluding the PPA effects on inventory related to the Uponor acquisition and items affecting comparability, comparable EBIT amounted to CHF 112 million, with a comparable EBIT margin of 10.3%. Reported EBIT was CHF 88 million, with an EBIT margin of 8.1%. Operating margin development was supported by cost-saving initiatives and the value creation program.

Significant efforts were made to streamline combined operations. These efforts included procurement savings and manufacturing footprint optimization, such as closing the division's plant in Sanliurfa (Turkey) and the addition of a new factory in Poland to strengthen the division's presence in Eastern Europe. The integration of Building Technologies’ and Uponor’s product and solution portfolios resulted in comprehensive attractive application categories, including hot and cold water supply and controls, heating and cooling solutions, wastewater systems and special applications. These attractive offerings enable GF to deliver exceptional services and innovative solutions to customers worldwide.

GF Casting Solutions

GF Casting Solutions’ sales amounted to CHF 841 (910) million and were impacted by lower demand in the automotive sector in the second half of the year, especially in Europe. Due to setbacks in the transition to e-mobility, e-vehicle-related sales in Europe declined by 11%.

This shortfall was only partially offset by continued strong demand for e-vehicles in China and an ongoing rebound in the aerospace sector. Die-casting lifetime orders for the division came in at CHF 1’358 (912) million thanks to a well-balanced customer portfolio and solutions for propulsion-independent components.

The division’s comparable EBIT stood at CHF 56 (64) million, resulting in a comparable EBIT margin of 6.7% (7.0%). Items affecting comparability relate to the closure of operations in Werdohl (Germany). Reported EBIT was CHF 42 (64) million, with an EBIT margin of 5.0% (7.0%). Pricing actions to compensate inflationary effects contributed positively to profitability.

GF Machining Solutions (discontinued operations)

GF Machining Solutions’ order intake reached CHF 848 (907) million thanks to a strong development in China and in the aerospace and energy segments. Sales reached CHF 885 (887) million. Organic sales growth was 2.4%. Comparable EBIT for 2024 was CHF 52 (60) million, with a comparable EBIT margin of 5.9% (6.8%). Reported EBIT was CHF 49 (60) million, with an EBIT margin of 5.5% (6.8%). The aerospace sector was the most dynamic market throughout the year, offsetting sluggish demand in the electronics sector.

GF’s transformation is underway

Following the landmark acquisition of Uponor, the integration is progressing smoothly, with a strong focus on cost and sales synergies. Employee events have played a key role in supporting the integration of Uponor, fostering a unified “One GF culture” while honoring the heritage of both brands.

In October 2024, an agreement was signed to divest GF Machining Solutions to the Swiss grinding machines company United Grinding Group (UGG). Closing is scheduled for the first half of 2025. In line with GF’s new strategic focus, the evaluation process to identify the best strategic options for GF Casting Solutions is also underway. In the meantime, GF Casting Solutions remains fully committed to maintaining all operations and pursuing its Strategy 2025 targets.

GF is well positioned to capture growth and seize the opportunities offered by its new strategic focus on providing innovative and sustainable Flow Solutions for the industrial, infrastructure and building sectors.

Upon completion of its transformation, GF expects an average organic growth range of 4-6% per year over the new 2026-2030 strategy period, with an EBIT margin gradually increasing to the 13-15% range, an EBITDA margin between 16-18%, a free cash flow/ EBITDA conversion above 50% and a ROIC between 21-26%.

2025 outlook for the Flow Solutions business

In line with the company’s new strategic direction, GF’s guidance on the outlook for 2025 applies only to its future core activities, the Flow Solutions businesses.

Despite persistent short-term global challenges, GF will benefit from long-term market trends driven by an attractive semiconductor industry, liquid cooling for data centers, increasing investments in sustainable water management including advanced stormwater systems and safe drinking water solutions in buildings and urban areas, and growing demand for energy-efficient buildings and for critical industrial systems that require reliable transport of fluids.

For the full-year 2025, the GF Group expects flat to lower single-digit organic growth and profitability before items affecting comparability in the range of 10.5-12.5% for the EBIT margin, 13.5-15.5% for the EBITDA margin and 20-24% for ROIC. These figures apply only for the Flow Solutions business excluding the divisions identified for divestment (GF Machining Solutions) or under strategic review (GF Casting Solutions).

For further information please contact
Beat Römer, Head Corporate Communications
+41 (0) 79 290 04 00, media@georgfischer.com

Nadine Gruber, Head Investor Relations
+41 (0) 79 698 14 87, ir@georgfischer.com

Photos of the Analyst and Media Conference will be available on 26 February 2025 as of 2:00 p.m. in the GF image database.

GF uses certain key figures to measure its performance that are not defined by Swiss GAAP FER. For that reason, there might be limited comparability to similar figures presented by other companies. Additional information on these key figures can be found on www.georgfischer.com/en/investors/alternative-performance-measures.html

下载:

Ad hoc announcement: GF Annual Report 2024 (PDF/ 501 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/annual-report-2024/20250226-ad-hoc-announcement-annual-report-2024-en.pdf

Presentation Analyst and Media Conference 2025 (PDF/ 3 MB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/annual-report-2024/presentation-analyst-and-media-conference-2025-en.pdf

Annual Report 2024: Full version (PDF/ 12 MB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/annual-report-2024/annual-report-2024-full-version-en.pdf

Contacts:

GF Walk for Water 2024 raises USD 555’000 for safe water access

Tue, 10 Dec 2024 08:00:00 +0000

日期:

2024/12/10 - 上午9:00

The third annual GF Walk for Water, a series of global events organized by the GF Water Foundation, gathered thousands of employees and partners to raise funds for critical water and sanitation infrastructure projects.

Building on the success of previous years, this year’s GF Walk for Water was held at 18 GF sites worldwide, from Finland and Switzerland to the US, China, Australia and India. At the events, approximately 2’500 employees and 140 company partners walked approximately 2 kilometers with a bucket of water to symbolize the struggles millions face every day in water-scarce communities. This year’s contributions of USD 555’000 in total will support humanitarian aid and sustainable safe water initiatives in community development programs across Mexico, Peru, Honduras, Tanzania, Kenya, Malawi, Uganda, and Indonesia. The funds will also assist refugee settlements in East Africa and provide emergency relief during global disasters.

“We saw GF employees, customers and partners from across continents come together for a cause that goes beyond business objectives,” said Andreas Müller, GF CEO and President of the Board of Trustees of the GF Water Foundation. “We view initiatives like these as a powerful opportunity to drive meaningful, long-term change and empower communities worldwide.”

The 2023 Walk for Water event raised USD 525’000. The funds were used for safe water projects in Tanzania, Honduras, Kenya and Ukraine. For more details about the GF Walk for Water and upcoming projects, visit the GF Water Foundation website.

For further information, please contact:
Beat Römer, Head Corporate Communications
+41 (0) 79 20 04 00, media@georgfischer.com

下载:

Media Release: GF Walk for Water 2024 raises USD 555’000 for safe water access (PDF/ 146 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2024/20241210-media-release-gf-walk-for-water-2024-raises-usd-555000-en.pdf

Contacts:

Beat Römer
集团传讯部门负责人
Georg Fischer AG
Amsler-Laffon-Strasse 9
8201 Schaffhausen
Switzerland
手机: +41 79 290 04 00
网站: https://www.georgfischer.com/
电子邮件: media@georgfischer.com<
<

With its four divisions GF Piping Systems, GF Building Flow Solutions, GF Casting Solutions, and GF Machining Solutions GF offers products and solutions that enable the safe transport of liquids and gases, as well as lightweight casting components and high-precision manufacturing technologies. As a sustainability and innovation leader, GF has been striving to achieve profitable growth while offering superior value to its customers for more than 200 years. Founded in 1802, the Corporation is headquartered in Switzerland and present in 45 countries with 187 companies, 76 of which are production companies with 105 facilities. GF’s 19’824 employees worldwide generated sales of CHF 4’026 million in 2023.

GF raises CHF 650 million on the Swiss debt capital market

Wed, 20 Nov 2024 17:00:00 +0000

日期:

2024/11/20 - 下午6:00

null

Today, GF raised CHF 650 million on the Swiss debt capital market and launched herewith the largest bond volume in GF’s history. Due to heightened investor interest, GF was able to exceed the initial target volume of CHF 400-500 million by a substantial margin. The new bonds were issued in two tranches with terms of 3 and 7 years. The 3-years bond reached a volume of CHF 300 million at a coupon of 1.25% and the 7-years bond reached a volume of CHF 350 million at a coupon of 1.55%. The bonds have been issued through the lead banks UBS AG and Zürcher Kantonalbank.

Through this emission, GF is taking advantage of the improved capital market conditions and reached at the same time an important milestone regarding the repayment of bridge loan facilities. These were provided for the financing of the acquisition of the Finnish company Uponor in November 2023.

The bonds will be listed on the SIX Swiss Exchange and the payment day will be 11 December 2024.

DISCLAIMER
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

For further information, please contact:
Beat Römer, Head Corporate Communications
+41 (0) 79 20 04 00, media@georgfischer.com

Nadine Gruber, Head Investor Relations
+41 (0) 79 698 14 87, ir@georgfischer.com

下载:

Media Release: GF raises CHF 650 million on the Swiss debt capital market (PDF/ 157 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2024/20241120-media-release-gf-raises-chf-650-million-on-the-swiss-debt-capital-market-en.pdf

Contacts:

GF to focus on Water and Flow Solutions

Wed, 30 Oct 2024 06:00:00 +0000

日期:

2024/10/30 - 上午7:00

This is an ad hoc announcement pursuant to Article 53 of the Listing Rules (LR) of the SIX Exchange Regulation AG.

GF Machining Solutions to be divested to United Grinding Group, a global leader in grinding technology
Strategic options for GF Casting Solutions are being evaluated
Ongoing transition for GF, update on guidance 2024

The acquisition of Uponor (today: GF Building Flow Solutions) in November 2023, has positioned GF as one of the global leaders in sustainable Water and Flow Solutions, addressing mission-critical solutions for industrial flow processes, sustainable water management in urban areas and energy efficiency in buildings.

A strategic evaluation concluded that these growth opportunities can best be pursued by further adapting the company’s portfolio. Hence, GF will focus entirely on Water and Flow Solutions for Industry, Infrastructure and Buildings.

In line with the envisaged new strategic focus, GF announces today that it has signed an agreement to divest GF Machining Solutions to United Grinding Group, a Swiss-based global leader in grinding technology. The new owner, whose Swiss origin dates back about 100 years, employs more than 2’000 people globally. The majority shareholder of United Grinding is Patinex AG, a Swiss holding company wholly owned by Martin and Rosmarie Ebner. Together, GF Machining Solutions and United Grinding Group will combine forces to form the leader in ultra-precision machining. The value of the transaction is in the range of CHF 630 million to CHF 650 million. Closing is expected in Q1/Q2 2025 subject to the approvals of the authorities.

The divestment of GF Machining Solutions allows GF to increase its strategic flexibility to pursue further growth as well as value-generating investments in Water and Flow Solutions.

For GF Casting Solutions, the industry-leading development partner and manufacturer of lightweight components for the automotive and the aerospace industry, all strategic options are being evaluated. GF will provide timely updates on the review process as appropriate. In the meantime, GF Casting Solutions remains fully committed to maintaining all operations and pursuing its Strategy 2025 targets.

2024 will be a transition year for GF with the integration of Uponor and key strategic projects, amid strong headwinds in construction markets, and the automotive sector as well as the delay in several industrial projects. Despite these challenges, GF expects a resilient performance with flat organic sales and a comparable EBIT margin around 9%.

Yves Serra, Chairman of the GF Board of Directors, says: “As in the past, GF continues to adapt its portfolio in order to deliver superior value to all its stakeholders. The focus on Water and Flow Solutions reflects the great potential of these markets and the leadership position of GF thereof.”

Andreas Müller, GF CEO, comments: “The acquisition of Uponor has provided us with the unique opportunity to focus GF entirely on the Water and Flow Solutions business and become a global leader in this market. GF is well positioned to deliver superior value to our current and future customers in the industrial, infrastructure and buildings sectors. We are looking forward to offering even more attractive, sustainable solutions addressing their needs.”

An audio webcast for the financial market and media with Andreas Müller, GF CEO, and Mads Joergensen, GF CFO, will take place today, 30 October 2024, at 09:00 a.m. CET (English only). To join the webcast, please use this link (Chorus Call).

To join the event via phone, please dial the numbers below (10–15 minutes before the conference call starts).

Switzerland/Europe +41 (0) 58 310 50 00
UK +44 (0) 207 107 06 13
USA +1 (1) 631 570 56 13

Other international numbers are available here.

You find the presentation from the audio webcast here.

For further information please contact

Beat Römer, Head Corporate Communications GF
+41 (0) 79 290 04 00, media@georgfischer.com

Nadine Gruber, Head Investor Relations GF
+41 (0) 79 698 14 87, ir@georgfischer.com

Inke Myschker, Press Officer United Grinding
+41 (0) 31 356 01 28, inke.myschker@grinding.ch

下载:

Ad hoc announcement: GF to focus on Water and Flow Solutions (PDF/ 205 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2024/20241030-media-release-gf-to-focus-on-water-and-flow-solutions-en.pdf

Presentation: GF to focus on Water and Flow Solutions (PDF/ 1 MB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2024/20241030-gf-transformation-webcast.pdf

Audio webcast for analysts & media (MP3/ 10 MB)
https://www.georgfischer.com/content/dam/gfcorp/audio/20241030-audio-webcast-for-analysts-and-media.mp3

Contacts:

Change in the Executive Committee of GF

Fri, 11 Oct 2024 05:00:00 +0000

日期:

2024/10/11 - 上午7:00

GF and Joost Geginat, President of GF Piping Systems and member of the GF Executive Committee, have mutually agreed that Joost Geginat will take on a new role within the Corporation and therefore step down from his position with immediate effect. GF CEO Andreas Müller will take over the management of GF Piping Systems on an interim basis.

Joost Geginat took over as President of GF Piping Systems on 1 August 2016, after previously serving as a strategic advisor on several GF projects at both corporate and divisional level. Under his leadership, GF Piping Systems has experienced significant growth and firmly established itself as a global market leader. Over the past eight years the division has expanded into new markets, completed successful acquisitions, and launched innovative solutions to drive digitalization and automation. Joost Geginat will continue to contribute with his extensive international strategic and operational experience to GF starting in 2025.

Andreas Müller, CEO of GF, said: “On behalf of the entire Executive Committee, I like to extend our sincere gratitude to Joost Geginat for his contribution over the past eight years and for the successful and valuable collaboration. We look forward to continuing to benefit from his expertise in the future.”

Yves Serra, Chairman of the Board of Directors of GF, said: “The Board of Directors expresses its heartfelt thanks to Joost Geginat for bringing GF Piping Systems forward including during the Covid crisis. Given his extensive 13-year experience with GF's largest division, Andreas Müller is well-positioned to assume the interim leadership role. His appointment will ensure seamless continuity and foster the further development of our piping systems businesses including the integration of Uponor.”

The search for a long-term successor to head GF Piping Systems has been initiated.

For further information please contact

Beat Römer, Head Corporate Communications
+41 (0) 79 290 04 00, media@georgfischer.com

Nadine Gruber, Head Investor Relations
+41 (0) 79 698 14 87, ir@georgfischer.com

下载:

Media Release: Change in the Executive Committee of GF (PDF/ 113 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2024/20241011-media-release-change-in-the-executive-committee-of-GF.pdf

Contacts:

Resilient amid challenging market conditions

Thu, 18 Jul 2024 04:30:00 +0000

日期:

2024/7/18 - 上午6:30

This is an ad hoc announcement pursuant to Article 53 of the Listing Rules (LR) of the SIX Exchange Regulation AG.

Sales reached CHF 2'407 million, up by 22.8% (2023: CHF 1'961 million); organic sales were 3.2% below the first half of 2023
Comparable operating result (EBIT) amounted to CHF 220 million at a margin of 9.1%
(2023: CHF 184 million, EBIT margin of 9.4%). Reported EBIT of CHF 194 million (EBIT margin 8.0%)
Corporate-wide performance improvement program launched in response to soft markets, reducing 2024 cost base by CHF 50 million
Organizational integration of the Building Technology business into GF Building Flow Solutions (formerly GF Uponor) and of Uponor Infra into GF Piping Systems well on track. Synergy potential fully reconfirmed, contributing well above CHF 15 million of additional EBIT for 2024, gradually increasing to CHF 50 million until 2027
Business momentum in the second quarter of 2024 accelerated, setting the stage for a solid performance for the full year 2024 with comparable profitability expected in the strategic target corridor

Andreas Müller, CEO GF, says: "The first half of 2024 was characterized by challenging conditions across selected market segments, especially in the first quarter. However, our increased focus on the flow business with GF Piping Systems and GF Building Flow Solutions, coupled with our balanced global presence, allowed us to partially offset subdued demand in areas such as the soft semiconductor sector and the construction industry in Europe. In the second quarter, the growing positive momentum in various markets makes us confident that we will see positive development in the second half of the year."

The uncertain economic environment and ongoing geopolitical tensions negatively impacted customer sentiment, particularly in the capital goods sector. The strong Swiss franc and a weak construction market in Europe negatively affected GF's 2024 half-year result. GF swiftly initiated performance improvement programs, across all divisions, aimed at reducing the 2024 cost base by CHF 50 million.

The integration of Uponor continues to be ahead of plan. Currently, focus is being placed on procurement synergies and a sharpened organizational setup, which is accelerating customer and business focus. The value creation program following the acquisition is forecast to create annual synergies in the amount of CHF 40-50 million at full run rate by 2027, of which more than CHF 15 million additional EBIT will be achieved in 2024.

To realize the targeted potentials, a new organization has been put in place. GF Building Flow Solutions (formerly GF Uponor) is responsible for the Building Technology business, while GF Piping Systems is focusing on the industrial and infrastructure business, including the former Uponor Infra business. This is not yet reflected in the segment reporting in the financial statements.

65% of GF's sales are today related to the water and flow solutions business. This increases GF's resilience in times of volatile markets and provides a strong and credible foundation for GF's ambition to become the global leader in sustainable water and flow solutions. Furthermore, the strong presence of the former Uponor in the US contributes to a better balanced global footprint: Europe currently accounts for around 50% of sales, whereas approximately 20% of sales are attributable to Asia and the Americas respectively.

IMPORTANT NOTE: The following results for the GF Building Flow Solutions division (formerly GF Uponor) still reflect the former GF Uponor activities. The organizational changes that have been implemented (Building Technology segment from GF Piping Systems to GF Building Flow Solutions, and Uponor Infrastructure from GF Building Flow Solutions to GF Piping Systems) will be reflected only as of the 2025 results.

Group results

Order intake reached CHF 2'367 million, which is CHF 442 million above the first half of 2023. Sales amounted to CHF 2'407 million (2023: CHF 1'961 million), 22.8% above the previous year's level. After the slow start at the beginning of the year, business gained momentum in the second quarter of 2024. The main growth driver was the consolidation of the activities from the Uponor acquisition completed in November 2023. Currency effects negatively affected sales by CHF 89 million, partially offset by pricing measures.

The operating result (EBIT) reached CHF 194 million, compared with CHF 184 million in the first six months of 2023, with a corresponding EBIT margin of 8.0% (2023: 9.4%). PPA (purchase price allocation) effects on inventory related to the Uponor acquisition and other items affecting comparability amounted to CHF 26.5 million, implying a comparable EBIT margin of 9.1% (2023: 9.4%).

Net profit attributable to GF shareholders amounted to CHF 97 million, compared with CHF 123 million in the first half of 2023.

Free cash flow before acquisitions/divestments came in at minus CHF 40 million (2023: minus CHF 66 million).

GF is well on track to reach the targets set out in its Sustainability Framework 2025. This includes targets relating to the share of GF's portfolio with products having social or environmental benefits, the reduction of CO₂e emissions, as well as the unrecycled waste and water intensity index, and a diversity and inclusion target.

In a significant further step towards sustainability and innovation leadership, GF announced its ambition to reach net-zero greenhouse gas (GHG) emissions by 2050. Within the next 24 months, GF will strive to define targets in line with the 1.5-degree trajectory recommended by the Paris Agreement.

For the fourth consecutive year, GF was named one of Europe's Climate Leaders by the Financial Times, one of the world's leading business newspapers, thus further solidifying its position in this area. This recognition underlines GF's focus on sustainability and rewards the company's progress in addressing climate change.

GF Piping Systems

GF Piping Systems demonstrated its resilient global presence again in the first half of 2024. The utility and infrastructure business was driven positively by projects in Brazil and Indonesia, balancing a slow start to the year in Europe due to adverse weather conditions at the beginning of 2024. The industrial rebound in the US and a resilient European market ensured solid development in industrial water treatment. The shift of several large projects from Asia to Europe and the Americas led to temporarily weaker microelectronics sales, which did not, however, affect the positive long-term trend in this sector.

Sales in the first half of 2024 came close to the one billion mark and amounted to CHF 993 million (2023: CHF 1'065 million). Organically, sales decreased by 4.5%. The comparable operating result stood at CHF 133 million (2023: CHF 141 million), at a comparable EBIT margin of 13.3% (2023: 13.2%). The reported operating result came in at CHF 129 million, with a reported EBIT margin of 13.0%. Currency effects negatively impacted sales by CHF 61 million, and operating result by CHF 15 million.

For the second year in a row, GF Piping Systems was named one of the 2024 Best Places to Work in Orange County, CA (US).

In May 2024, GF Piping Systems' new plant in Yangzhou (China) received three-star certification for green industrial building design, the highest level for such projects in China.

GF Building Flow Solutions (formerly GF Uponor)

Uponor, the company acquired in November 2023, is now focusing exclusively on the building technology business under its new division name GF Building Flow Solutions. The division offers one-stop-shop solutions for efficient indoor climate control, hot and cold water supply, as well as water quality systems for residential and commercial buildings.

In the first six months of 2024, the newly consolidated GF Building Flow Solutions division reached sales of CHF 561 million. Excluding the non-cash PPA effects on inventory related to the Uponor acquisition and one-time items affecting comparability, the comparable EBIT amounted to CHF 58 million with a comparable EBIT margin of 10.3%. Reported EBIT was CHF 41 million with an EBIT margin of 7.4%.

This performance was primarily driven by the robust construction market in the Americas. Although the latest economic figures for Europe show signs of a recovery and its renovation market demonstrated some resilience, the construction market continues to face strong headwinds. However, with its sharpened divisional setup, GF Building Flow Solutions will be even better prepared to capture future opportunities as soon as the European construction business starts to rebound. Uponor Infra's contribution to the reported figures was relatively weak, predominantly caused by the adverse weather conditions in the first quarter in the Nordics.

With its latest divisional innovation, the "Siccus Mini" drywall underfloor heating systems launched in January 2024, GF Building Flow Solutions is setting new standards when it comes to energy efficiency and convenience of installation for underfloor heating in renovation or modernization projects. With its low installation height, fast installation time and reduced CO₂ emissions compared to traditional solutions, it benefits installers, builders as well as end users.

GF Casting Solutions

E-mobility in China continued to gain momentum, driving increased demand for lightweight components from GF Casting Solutions. As at the end of June 2024, the share of high-pressure die casting lifetime orders related to e-vehicles was 60%. In China, e-vehicle-related sales grew by 25%. Together with strong sales in the aerospace and industrial segment, this partially offset reduced call-offs in the European automotive market.

Sales at GF Casting Solutions amounted to CHF 462 million compared with CHF 471 million in the first half of 2023 (organic sales growth of 1.2%). Operating result increased further to CHF 41 million (2023: CHF 35 million), resulting in a strong EBIT margin of 8.8%, which is 1.3 percentage points higher compared with the first six months of 2023.

The division demonstrated its innovation capabilities with a new version of the Cross Car Beam, which was developed following customer requests for an alternative cockpit design. The component allows for more legroom, integration of the head-up display and maximized crash performance. Moreover, it can be manufactured on existing machines – a clear advantage when it comes to investments for the car industry.

The ramp-up of the two plants in Shenyang (China) and Piteşti (Romania), both dedicated to the production of advanced lightweight components, is proceeding according to plan. After only one year of operation, Shenyang already contributed positively to the result.

GF Casting Solutions has started planning a new, state-of-the-art high-pressure die casting facility in Augusta, GA (US), based on an already committed, full order book. Operations are expected to start in 2027.

GF Machining Solutions

For GF Machining Solutions, the first half of 2024 developed quite heterogeneously, with two distinctly different quarters. The machine tool business experienced a slow start into 2024, impacted by a general hesitation to invest in capital goods within the Chinese and European markets. Consequently, the EDM sector and particularly the milling business in Europe faced challenges. However, the second quarter showed a significant improvement in sentiment with a noticeable upturn in momentum in China and an acceleration in activity in the ICT (information and communication technologies) segment.

The division reached an order intake of CHF 440 million (2023: CHF 461 million), which slightly improved in the second quarter and exceeded the same quarter in the previous year. This resulted in an improved book-to-bill ratio above 1. Sales amounted to CHF 392 million in the first half of the year (2023: CHF 426 million), organic sales were minus 5.0%, supported by strong performance in the laser and advanced technology segment as well as a continued strong order book for aerospace and energy. Comparable EBIT was at CHF 2.1 million with a comparable EBIT margin of 0.5%. Reported EBIT was negative at CHF -0.5 million (2023: CHF 20 million), corresponding to a negative EBIT margin of -0.1%.

GF Machining Solutions has again demonstrated its innovative strength and reinforced its leadership as a supplier of automated ultra-precise, high-performance machine tools.

Its latest innovation paves the way for the future of laser micro machining and 3D surface processing operations across a broad range of industries, including ICT and medical (eg, orthopedic implants). The ability to integrate processes, technology and dedicated software brings significant value to customers by reducing manufacturing costs and increasing energy efficiency.

Outlook for the full year 2024

GF does not expect the current macroeconomic and political challenges to ease significantly in the short to medium term. Nevertheless, GF is well positioned to benefit from global megatrends such as the demand for clean (drinking) water, energy-efficient climate solutions in residential and commercial buildings, sustainable mobility and high-precision manufacturing.

Positive and partly accelerated momentum in the industry business in North America and the Chinese automotive market, as well as strengthening in the microelectronic business and the ongoing strong order intake for the aerospace segment are expected to further support the development of the business in the second half of 2024. In addition, the implemented cost reduction measures will support profitability improvements.

Barring any unforeseen circumstances, GF continues to expect a solid performance for the full year 2024, with profitability in the strategic target corridor (comparable EBITDA margin of 13-15% and comparable EBIT margin of 10-12%).

For further information please contact

Beat Römer, Head Corporate Communications
+41 (0) 79 290 04 00, media@georgfischer.com

Nadine Gruber, Head Investor Relations
+41 (0) 79 698 14 87, ir@georgfischer.com

The presentation of the mid-year results will take place on 18 July at 9:00 a.m. via audio webcast.

GF uses certain key figures to measure its performance that are not defined by Swiss GAAP FER. Comparability to similar figures presented by other companies might therefore be limited. Additional information on these key figures can be found at www.georgfischer.com/en/investors/alternative-performance-measures.html.

下载:

Ad hoc announcement (PDF/ 320 KB)
https://www.georgfischer.com/content/dam/commonassets/corp/documents/reports/mid-year-reports/2024-mid-year-report/mid-year-report-2024-ad-hoc-announcement-en.pdf

Mid-Year Report 2024 - Financial key figures (JPG/ 1 MB)
https://www.georgfischer.com/content/dam/gfcorp/pictures/reports/mid-year-report-2024/mid-year-report-2024-key-figures-en.jpg

Mid-Year Report 2024 (PDF/ 1 MB)
https://www.georgfischer.com/content/dam/commonassets/corp/documents/reports/mid-year-reports/2024-mid-year-report/mid-year-report-2024-en.pdf

Letter to Shareholders (PDF/ 2 MB)
https://www.georgfischer.com/content/dam/commonassets/corp/documents/reports/mid-year-reports/2024-mid-year-report/mid-year-report-2024-letter-to-shareholders-en.pdf

Audio Webcast GF Telephone Conference (MP3/ 79 MB)
https://www.georgfischer.com/content/dam/commonassets/corp/documents/reports/mid-year-reports/2024-mid-year-report/mid-year-report-2024-audio-webcast.mp3

Presentation for Analysts / Media (Audio Webcast) (PDF/ 2 MB)
https://www.georgfischer.com/content/dam/commonassets/corp/documents/reports/mid-year-reports/2024-mid-year-report/presentation-mid-year-report-2024-en.pdf

链接:

Mid-Year Report 2024

Alternative Performance Measures

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Upgrading Klostergut Paradies: the construction of a hotel and the renovation of the restaurant begins in June 2024

Tue, 07 May 2024 07:00:00 +0000

日期:

2024/5/7 - 上午9:00

The planned new Hotel Paradies in Schlatt (TG) as well as the renovation of the restaurant ʺParadiesʺ is in progress. The authorities have issued all construction permits. The construction work will start in June 2024 and take around 20 months.

The GF-owned Foundation Paradies, the owner of Klostergut Paradies site in Schlatt (TG), presented its plan of building a new hotel with 34 rooms for the participants of seminars and meetings around a year ago. The rooms will also be available to the public – primarily on weekends and during the holiday seasons. An important focus of the project is its environmental-friendly renovation and upgrade of the restaurant ʺParadiesʺ, which is a popular destination in the summer. The restaurant will operate all year long in the future.

Both projects have cleared major hurdles in the past weeks and received essential construction permits. The construction will begin in June and last around 20 months in total, to be completed by the end of December 2025.

Considering the impracticality of maintaining an operating restaurant due to the logistical demands and circumstances during the construction period, a ʺSunset Barʺ will be set up on weekends during the summer season. The bar will start its operations on 17 May – provided that the weather is good.

As part of the preliminary work, the Mülibach stream was renaturalized and expanded with a cold-water bay as a shelter for the fish. In addition, GF is also examining the renaturalization of the riverbanks of the Rhine near the restaurant and hotel, a wish often expressed by nature conservation and environmental protection organizations, in cooperation with the energy company SH Power.

GF would like to express its gratitude to the Swiss Federal Commission for the Protection of Nature and Cultural Heritage (FCNC), the office for the preservation of monuments in canton Thurgau as well as the local authority of Schlatt for their immense support, and to all the neighbors and parties involved for their positive reactions to the project. GF is investing approximately CHF 10 million in the construction and renovation; the new hotel and restaurant operations are expected to create around 15 new jobs.

下载:

Media Release: Upgrading Klostergut Paradies (PDF/ 146 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2024/20240507-media-release-upgrading-klostergut-paradies-en.pdf

Rendering_1 of Klostergut Paradies after conversion (JPG/ 1 MB)
https://www.georgfischer.com/content/dam/gfcorp/pictures/news/20240507-upgrading-klostergut-paradies-01.jpg

Rendering_2 of Klostergut Paradies after conversion (JPG/ 1 MB)
https://www.georgfischer.com/content/dam/gfcorp/pictures/news/20240507-upgrading-klostergut-paradies-02.jpg

Contacts:

GF Uponor becomes GF Building Flow Solutions

Mon, 29 Apr 2024 05:00:00 +0000

日期:

2024/4/29 - 上午7:00

GF announces that, effective today, its GF Uponor division is renamed as GF Building Flow Solutions.

The division – built on the acquisition of Uponor late last year as well as the building technology segment of GF Piping Systems – is committed to finding new ways to conserve, manage and provide water responsibly. The new name underscores the division’s focus on residential, commercial and public buildings, while GF Piping Systems remains a leading provider for utility and industry flow solutions.

The internationally renowned Uponor brand, which will remain unchanged, will further strengthen the division’s market presence as a product brand. The Uponor brand is well positioned to address global trends such as energy efficiency, the need for safe and clean water, as well as a net-zero impact on the climate.

The new GF Building Flow Solutions creates a powerful leader in the market, but also conveys a common identity around GF’s focus on products and solutions providing superior customer value. All divisions of GF are part of a strong global family of about 20’000 employees, generating close to CHF 4.0 billion in sales in 2023.

下载:

Media Release: GF Uponor becomes GF Building Flow Solutions (PDF/ 110 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2024/20240429-gf-uponor-becomes-gf-building-flow-solutions-en.pdf

Contacts:

GF Annual Shareholders' Meeting approves all proposals

Wed, 17 Apr 2024 16:00:00 +0000

日期:

2024/4/17 - 下午6:00

At today's 128th Annual Shareholders' Meeting of Georg Fischer AG, the shareholders approved all proposals. Annika Paasikivi and Stefan Räbsamen were elected as new members of the Board of Directors.

772 shareholders with 1’026'132 votes were present at the IWC Arena in Schaffhausen (Switzerland). The independent proxy represented 43'572'688 share votes. This presence corresponds to a total of 73.95% of the shares entered in the share register with voting rights.

The shareholders approved the annual financial statement and the consolidated financial statements 2023. In an advisory vote, shareholders also approved the compensation report and for the first time the Non-financial Reporting 2023. The proposed dividend of CHF 1.30 per share, unchanged from last year's level, was also approved and will be paid on 23 April 2024.

All Board members who were up for election were re-elected for a one-year term. Hubert Achermann, Vice-Chairman and Independent Lead Director retired from the Board upon reaching the regulatory age limit. Roger Michaelis did not stand for re-election due to GF’s 12-year limit on Board tenure. The Shareholder's Meeting elected Annika Paasikivi and Stefan Räbsamen as new members of the eight-member Board of Directors. It also confirmed Yves Serra as Chairman and elected Annika Paasikivi, Eveline Saupper and Michelle Wen as members of the Compensation Committee, with Eveline Saupper taking over as Chairwoman.

Eveline Saupper will also serve as Independent Lead Director and Vice-Chair of the Board of Directors. The constitution of the Audit Committee and of the Nomination and Sustainability Committee was determined by the Board of Directors (see separate document).

Photos of the event are available in the GF image database.

下载:

Constitution GF Board of Directors 2024 (PDF/ 14 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2024/240418-constitution-of-the-board-of-directors-en.pdf

Resolution Minutes (PDF/ 203 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2024/240417-resolution-minutes-en.pdf

Media Release: GF Annual Shareholders' Meeting approves all proposals (PDF/ 114 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2024/240417-media-release-gf-annual-shareholders-meeting-approves-all-proposals-en.pdf

链接:

Annual Shareholders' Meeting 2025: All proposals approved

Contacts:

GF为液体和气体运输，提供安全、具可持续性的产品和解决方案，并且提供轻量化铸造零部件，和其他高精度制造技术。作为可持续发展和创新领袖，GF致力于实现盈利性增长，并在两百多年来始终不懈为客户提供卓越价值。集团成立于1802年，由GF管路系统、GF楼宇方案、GF成型方案和GF加工方案四个事业部组成，总部位于瑞士。截至2023年底，在45个国家设有187家公司，其中76家为制造型公司，并拥有105个生产基地。在2023年，GF分布于全球的19,824名员工，共计创造了40.26亿瑞士法郎的销售额。

Commitment to net zero: GF takes next step in its sustainability journey

Wed, 10 Apr 2024 07:00:00 +0000

日期:

2024/4/10 - 上午9:00

In a significant step on the path to become a sustainability and innovation leader, GF today announced its ambition to reach net-zero greenhouse gas (GHG) emissions by 2050. Within the next 24 months, GF will define net-zero targets in line with the 1.5-degree trajectory recommended in the Paris Agreement.

GF has submitted its commitment letter to the Science Based Targets initiative (SBTi), a corporate climate action organization that enables companies worldwide to set emission reduction targets in line with the Paris Agreement goals. With this letter, GF is pledging to set and submit net-zero targets for Scope 1, 2 and 3 emissions across its four divisions within two years. The letter has been validated by SBTi.

“With our innovative products and solutions, we have been supporting our customers in their own sustainability needs for decades,” said Andreas Müller, GF CEO. “Today, we expand our own focus to 2050 and join the commitment to net zero, aiming to become a role model for how companies can decouple business growth from emissions.”

Environmental sustainability is integral to GF’s long-term strategy. Committing to net zero builds on GF’s Sustainability Framework 2025, which has included SBTi-approved greenhouse gas (GHG) emission reduction targets since 2022. In 2023, GF made significant progress towards achieving these targets, reducing its Scope 1 and 2 emissions by 35% compared with the 2019 baseline. To reach net zero, companies must cut more than 90% of their emissions before 2050.

Aiming for net zero in the company’s own operations by 2050 will rely on an even higher use of renewable energy sources, which requires investing in existing machines and infrastructure, and further fostering self-generation of renewable electricity. However, the majority of GF’s GHG impacts (87%) today are from Scope 3 emissions, which occur in the upstream and downstream sections of the company’s value chain. Already in 2023, GF pursued several opportunities to initiate reduction measures in its value chain, including identifying material substitutions, analyzing its procurement categories with the highest impact on CO₂e emissions, engaging with key suppliers seeking reduction opportunities and increasing efficiency in its logistics services. In addition, the company has further improved the energy consumption of some of its machines delivered to customers by adding energy efficiency features.

More information about GF’s sustainability strategy and progress in 2023 are available in the recently published GF Sustainability Report 2023.

下载:

Media Release: Commitment to net zero: GF takes next step in its sustainability journey (PDF/ 118 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/2024/20240410-media-release-commitment-to-net-zero-en.pdf

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息税前利润率再创佳绩；收购欧博诺为未来增长奠定基础；2025年目标上调

Tue, 19 Mar 2024 06:00:00 +0000

日期:

2024/3/19 - 上午7:00

这是按照瑞士证交所交易监管公司的上市规则(LR)第53条而发布的特别公告。

如欲查阅2023年集团年报和2023财年演示文稿，请访问我们的网站：www.georgfischer.com或www.annual-report.georgfischer.com/23/en。

针对分析师和记者的年度绩效报告，将于2024年3月19日上午 10点整通过视频网络直播进行，请使用以下链接。

销售额（包括收购）达到40亿瑞士法郎（2022年：40亿瑞士法郎）；不包括欧博诺收购为39亿瑞士法郎
尽管面临地缘政治和宏观经济挑战，自然增长仍达到3.7%
经营业绩（息税前利润）达到3.65亿瑞士法郎。可比经营业绩达到3.89亿瑞士法郎。不包括收购欧博诺及其影响，息税前利润率为9.8%，与2022年创纪录之水平持平
欧博诺全年可比息税前利润率增长至12.3%（收购价格分摊前），处于强劲水平（2022年：11.1%）
建议股息为每股1.30瑞士法郎，与去年水平持平
2025年战略目标上调，以反映收购：新的息税前利润率范围为10-12%（之前为9-11%），新的投资资本回报率（ROIC）目标范围为20-24%（之前为20-22%）；以及新的EBITDA利润率目标为13-15%

GF首席执行官安牧乐表示：“这是个充满挑战和选择性机遇的一年，欧博诺的收购是一个特殊的里程碑，GF的强劲业绩彰显了公司在当今全球环境中的应变力和蓬勃发展的能力。GF的所有事业部都蓄势待发，为实现战略目标做好了准备，并专注于卓越运营，在成为可持续发展和创新领袖的道路上为公司提供动力。”

2023年对于GF来说是具有里程碑意义的一年，对欧博诺的收购是公司历史上最大的一笔收购交易，同时还取得了其他积极的里程碑。在面临地缘政治不稳定、通胀趋势以及巨大货币逆风等挑战的同时，GF亦增强了应变能力。

许多全球大趋势影响着我们的行业，诸如城市对可持续水资源管理的需求、朝可再生能源发展的转型、生活的持续数字化，以及技术性劳动力的短缺。对欧博诺的收购，在战略上不仅强化GF定位为可持续水和流体解决方案的全球领导者，并使其从建筑用节能供热制冷的新投资中受益。这一重大举措，将加快GF流体解决方案领域2025年战略的落实。

所有事业部都蓄势待发，为实现战略目标做好了准备，同时专注于卓越运营。GF在技术方面的领先地位，以及在微电子、汽车和航空航天等特定关键市场的强大实力，有助于抵消疲软行业的影响。为了在这些极具吸引力的市场中继续保持良好业绩，GF增加了解决方案和服务范围，通过不断创新以迅速回应客户的新需求，例如大型铸造结构件的功能集成、新型特定数字连线的过程自动化阀门、智能室内能源控制系统，以及能源和航空航天领域专用的EDM（电火花加工）工艺。

集团业绩

于2023年下半年收购的欧博诺公司（芬兰）和Corys管路系统公司（阿联酋），已于2023年11月1日起全面并入GF集团。详细信息请查阅财务报告。

包括这些收购在内，订单量达到39亿瑞士法郎，销售额达到40亿瑞士法郎。不包括欧博诺，销售额达到39亿瑞士法郎，由于2.63亿瑞士法郎的汇率影响，比2022年下降3.4%。销售额自然增长3.7%。

经营业绩（息税前利润）为3.65亿瑞士法郎。如不考虑因收购欧博诺对库存物品的购买价格分配影响（因其有损可比性），可比经营业绩 (息税前利润) 达到3.89亿瑞士法郎。不包括欧博诺和所有相应影响，息税前利润为3.78亿瑞士法郎，利润率为9.8%，与上一年持平。

不包括欧博诺和所有相应影响的投资资本回报率 (ROIC) 高达23.8%（2022年：23.4%）。可比投资资本回报率为21.5%。

截至2023年底，GF雇用员工19,824人，较2022年底增加4,617人，主要反映了新增的欧博诺和Corys的4,319名员工。

收购前的自由现金流达到1.34亿瑞士法郎（2022年：1.46亿瑞士法郎）。

尽管收购导致净债务增加，但资产负债表依然保持健康。为了取代部分收购过桥融资，GF计划于2024年发行公司债券。

归属于GF股东的净利润为2.35亿瑞士法郎（2022年：2.76亿瑞士法郎）。

在即将召开的年度股东大会上，董事会将提议每股派发1.30瑞士法郎的股息，与上一年水平相当。

GF管路系统

该事业部的订单量为19.54亿瑞士法郎（2022年：23.19亿瑞士法郎），下半年势头良好。值得注意的是，由于产品和供应链短缺，2022年半导体行业的收入异常高，超过1亿瑞士法郎。欧洲、亚洲和美洲的工业领域业务，以及巴西等新市场，对2023年业绩做出了积极贡献。

GF管路系统在2023年业绩表现强劲，实现销售额20.66亿瑞士法郎（2022年：21.6亿瑞士法郎）。3%的自然增长来自于高端微电子以及水回收和处理过程自动化等关键行业的旺盛需求。尽管面临欧洲建筑技术和天然气公用事业领域的阻力，以及充满挑战的全球经济环境，该事业部仍保持了增长势头。

息税前利润为2.75亿瑞士法郎，上一年为2.91亿瑞士法郎，息税前利润率为13.3%，于战略2025目标范围内。息税前利润受到4,900万瑞士法郎的负面汇率影响。

该部门继续专注于创新和业务发展，包括可再生能源、锂提取精炼，以及电池生产等各项解决方案，在快速发展的增长市场中建立强健地位。

2023年初，该事业部在中国扬州的先进制造基地正式开业，是GF管路系统在亚洲最大最高效的工厂。该工厂服务于微电子、水处理、化学加工、船舶、营建和数据中心等众多行业。

正如之前所宣布，GF管路系统将于2024 年起，专注于工业和市政领域，而楼宇科技业务将并入新事业部GF欧博诺。GF欧博诺的市政与工业业务，正转移至GF管路系统，以实现与该事业部现有公用市政业务的协同作用，解决不同产品的重叠市场和应用问题。这两个事业部的业务具有高度互补性，将有助于充分发挥潜力，并掌握可持续和盈利增长的有利地位，从全球大趋势中受益。这些组织变革已于2024年1月上旬开始实施，预计将于2024年底完成。

GF欧博诺

欧博诺于2023年全年的销售额达到12.21亿欧元（2022 年：13.86亿欧元）。排除汇率影响和结构性变化，销售额比上一年下降5.8%。可比息税前利润达到1.5亿欧元（2022年：1.54亿欧元）。可比息税前利润率提高至12.3%（2022 年：11.1%），反映其利润率弹性措施和运营模式所取得的效益。

2023年最后两个月收购后的业绩，反映了通常的冬季季节性影响，如建筑活动减少、节庆期间公司放假，但也反映了积极的供应链优化。GF欧博诺为GF销售额贡献了 1.64 亿瑞士法郎；此外，如不计收购价格分摊对库存物品及可比性的影响，为息税前利润贡献了1,100万瑞士法郎，息税前利润率为6.9%，远高于年内最后两个月的历史经常性水平。

欧博诺于2023年期间在美国的市场份额继续增加，但在欧洲却面临阻力。在集团范围内转型计划的推动下，欧博诺的所有业务都实现了生产力的持续提高。该计划还有助于缓解年同比大幅通胀的影响。欧博诺的韧性和适应性，反应了其稳健的业务战略，以及驾驭动荡市场环境并于其中蓬勃发展的能力。

GF成型方案

GF成型方案在2023年取得了良好业绩，销售额达9.1亿瑞士法郎（2022年：8.92亿瑞士法郎）。自然增长达到11.4%，略高于全球汽车行业的增长。这一增长主要来自于对轻量化零部件需求的增加，尤其是在中国市场，以及航空航天领域的复苏。

该事业部在2023年的息税前利润为6,400万瑞士法郎，高于2022年的5,500万瑞士法郎，使息税前利润率从6.2%上升至7.0%。在面对能源、劳动力和运输成本上升，以及其他通胀压力带来的重大挑战前，这一增长值得称赞。

GF成型方案在2023年获得了创纪录新订单量，超过25亿瑞士法郎。这一成功反映了该事业部在汽车、航空航天、能源行业以及工业应用领域，更灵活多样的客户组合。这些领域对结构件开发和生产的增长需求，肯定了GF成型方案战略的成功，及其作为可持续交通创新领导者的稳健地位。

位于中国沈阳的新工厂正按计划进行增长增量，将为客户提供最先进的大型车身结构件和轻量化铸件。

GF加工方案

就订单量而言，GF加工方案在本年斩获成功，达到9.07亿瑞士法郎，订单出货比稳定在1.0以上。该事业部在欧洲展现了灵活应变力，但在亚洲却面临挑战。尤其是ICT领域（信息和通信技术）依然停滞不前，特别是在中国。然而，航空航天和能源领域的持续反弹，部分抵消了市场低迷的影响。

GF加工方案的销售额自然小幅下降1.9%。销售额为8.87亿瑞士法郎，而2022 年为9.48亿瑞士法郎。2023年的息税前利润为6,000万瑞士法郎（2022年：6,700万瑞士法郎），息税前利润率为6.8%（2022年：7.0%）。

该事业部凭借高创新率，巩固了其作为工业技术领袖的地位。最近推出的新一代专用于航空航天应用的激光纹理技术和电火花加工机床(EDM)，将使客户能够使用最先进的材料，最终目标是降低燃料消耗。GF加工方案进一步加强了客户体验和服务范围，帮助客户缩短生产时间并提高制造流程的效率。

战略2025加速推进，设定新目标

2023年正是GF当前五年战略周期的一半，标志着2025年战略实施的一个重要里程碑。这一年里，GF成功实现了成为可持续发展和创新领袖，提供卓越客户价值的愿景，并且GF已经实现了2025年可持续发展的大部分目标。

此外，在2023年向全球评级机构CDP提交的报告中，GF因在气候变化方面保持了杰出的透明度与成绩，在这一项获得了最高的“A”级，并于此前已连续三年获得“A-”评级。GF在水安全方面也维持了之前的“A-” 评级。

在英国《金融时报》第三届欧洲气候领袖评选中，GF在2023年于26家机器和工业设备公司中名列前五，肯定了公司在应对气候危机和树立行业基准上的投入。EcoVadis认可所有GF事业部对环境、社会和公司治理(ESG)绩效所做的努力；GF管路系统、GF欧博诺和GF成型方案均荣获金奖，跻身受评公司前5%之列，而GF加工方案则荣获银牌，跻身前15%之列。

GF管路系统在增长市场和细分市场的业务，诸如高端微电子生产以及用于不同行业市场的水处理技术，持续推动盈利增长。GF对欧博诺的收购，加速了GF管路系统成为可持续水和流体解决方案领导者战略的实现。欧博诺进行了转型计划，以提高业务灵活性展望未来，GF 欧博诺将更加关注室内气候解决方案，以满足客户的可持续发展需求。在提供大型结构件和创新零部件方面，GF成型方案依然是现有客户和新客户所认可的开发合作伙伴；而GF加工方案近年来不断致力于为其所生产的机器，开发更多的节能功能。

欧博诺和Corys的双双成功收购，以及各自良好的增长前景，促使GF上调了战略2025的目标范围：从目前的销售目标（包括收购）44-50亿瑞士法郎，提高到50-55亿瑞士法郎；从当前的息税前利润率目标9-11%，提高至10-12%；ROIC目标从当前的20-22%提高至20-24%。除了这些现有的战略目标外，GF还提出了新EBITDA利润率目标，在13-15%之间。

拟议的董事会变动

董事会副主席兼独立首席董事Hubert Achermann将因年龄限制从董事会退休。在2024年4月17日举行的年度股东大会上，董事会将提名普华永道瑞士公司长期合伙人兼董事长（至2022年）Stefan Räbsamen，参选为GF董事会新成员。Stefan Räbsamen将深化董事会的审计、财务和ESG报告方面的专业知识。此外，董事会还将提名欧博诺前董事长、多家工业公司资深高管和董事会成员Annika Paasikivi为董事会新成员。由于GF董事会任期12年限制，Roger Michaelis将不会竞选连任。GF衷心感谢Hubert Achermann和Roger Michaelis多年来提供的杰出服务。

展望2024

尽管在短期内依然面临全球挑战，但GF凭借创新解决方案，已做好充分准备，将从水资源保护和处理、可持续交通、节能室内环境解决方案和高精度加工等长期大趋势中获益。欧博诺和Corys管路系统与GF管路系统的业务充分互补，它们的迅速整合将加速战略2025的实施，并进一步支持GF成为可持续水和流体解决方案全球领袖的雄心壮志。

尽管经济形势总体上依然低迷，但GF预期情况将于今年内逐步好转，2024年全年的有机增长将进一步提升。不含非经常项目前的运营利润率（EBIT/EBITDA/ROIC）预计将达到修订后的战略2025目标范围（EBIT 利润率 10-12%；EBITDA 利润率 13-15%；ROIC 20-24%）。

如需更多信息，请联系
Beat Römer, 集团传讯部门负责人
+41 (0) 79 290 04 00, media@georgfischer.com

Nadine Gruber, 投资者关系部门负责人
+41 (0) 79 698 14 87, ir@georgfischer.com

分析师和媒体会议的照片将于2024年3月19日下午2点在GF 图库中提供。

GF使用某些未由瑞士通用会计准则（Swiss GAAP FER）定义的关键数据来衡量其绩效。因此，与其他公司提供的类似数据的可比性可能有限。有关这些关键数据的更多信息，请访问 https://www.georgfischer.com/zh-cn/investors/alternative-performance-measures.html.

下载:

Ad hoc announcement GF Corporate Reports 2023 (PDF/ 436 KB)
https://www.georgfischer.com/content/dam/gfcorp/documents/newsroom/media-releases/corporate-reports-2023/20240319-ad-hoc-announcement-corporate-reports-2023-en.pdf

Financial Year 2023 / Corporate Reports 2023: Presentation Analyst and Media Conference 2024 (PDF/ 4 MB)
https://www.georgfischer.com/content/dam/commonassets/corp/documents/reports/annual-report/corporate-report-2023/en/presentation-analyst-and-media-conference-2024-en.pdf