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GF, with a rich history in industrial innovation since 1802, is actively reshaping itself to become the global leader in Flow Solutions for Industry, Infrastructure and Buildings.

GF delivers Excellence in Flow by providing essential products and solutions that enable the safe and sustainable transport of fluids worldwide. As part of its strategic transformation, GF divested GF Machining Solutions on 30 June 2025 and is evaluating strategic options for its GF Casting Solutions division. Headquartered in Switzerland, GF employs about 15’700 professionals and is present in 46 countries. In 2024, GF generated sales of CHF 4’776 million. GF is listed on the SIX Swiss Exchange.

Sales per region (CHF 4'776 million) in %

  • 29% Rest of Europe
  • 26% Americas
  • 18% China
  • 13% Germany
  • 5% Rest of Asia
  • 5% Rest of world
  • 4% Switzerland

Gross value added per region (CHF 1'892 million) in %

  • 26% Switzerland
  • 24% Rest of Europe
  • 23% Americas
  • 12% China
  • 9% Germany
  • 3% Rest of Asia
  • 3% Rest of world
CHF million
2024
2023
CHF million 2024 2023
Order intake 4'634 3'938
Orders on hand  723 827
Sales 4'776 4'026
Sales growth % 18.6 0.7
Organic growth % -2.6 3.7
EBITDA (comparable)¹ 618 511
EBITDA margin (comparable)¹ % 12.9 12.7
EBITDA 560 486
EBITDA margin % 11.7 12.1
EBIT (comparable)¹ 449 389
EBIT margin (comparable)¹ % 9.4 9.7
EBIT 389 365
EBIT margin % 8.1 9.1
Net profit shareholders GF 214 235
Basic earnings per share in CHF 2.61 2.87
Free cash flow before
acquisitions/divestments		 184 134
Invested capital (IC) 1'859 1'707
Return on invested capital (ROIC) (comparable)¹ % 19.9 21.5
Return on invested capital (ROIC) % 17.2 19.8
Net debt (+)/Net cash (-) 1'892 1'879
Number of employees 19'023 19'824

¹Without PPA effects on inventory and items affecting comparability.

GF Piping Systems

As the leading flow solutions provider for the safe and sustainable transport of fluids, GF Piping Systems creates connections for life. The division focuses on industry-leading leak-free piping solutions for numerous demanding end-market segments. 

Sales per segment (CHF 1'971 million) in %

  • 45% Industry
  • 35% Utility
  • 20% Building Technology
CHF million
2024
2023
CHF million 2024 2023
Order intake 1'905 1'954
Orders on hand 246 300
Sales 1'971 2'066
Sales growth % -4.6 -4.4
Organic growth % -3.7 3.0
EBITDA (comparable)¹ 307 327
EBITDA margin (comparable)¹ % 15.6 15.8
EBITDA 293 327
EBITDA margin % 14.9 15.8
EBIT (comparable)¹ 250 275
EBIT margin (comparable)¹ % 12.7 13.3
EBIT 234 275
EBIT margin % 11.9 13.3
Invested capital (IC) 838 758
Return on invested capital (ROIC) % 24.9 31.1
Number of employees 8'309 8'798

¹Without PPA effects on inventory and items affecting comparability.

GF Building Flow Solutions

GF Building Flow Solutions is a leading global provider of solutions that efficiently and effectively move water through cities, buildings, and homes. The division provides safe drinking water, energy-efficient radiant heating and cooling systems as well as reliable infrastructure solutions. It helps customers in residential and commercial construction, municipalities, and utilities, be more productive – and continuously find new ways to conserve, manage and provide water responsibly, unlocking its potential to provide comfort, health, and efficiency.

Sales per segment (CHF 1'083 million) in %

  • 43% Building Solutions - North America
  • 39% Building Solutions - Europe
  • 18% Infrastructure Solutions
CHF million
2024
2023²
CHF million 2024 2023²
Order intake 1'051 167
Orders on hand 36 47
Sales 1'083 164
Sales growth % n/a  
Organic growth % 1.0  
EBITDA (comparable)¹ 157 19
EBITDA margin (comparable)¹ % 14.5 11.3
EBITDA 135 -6
EBITDA margin % 12.4 -3.7
EBIT (comparable)¹ 112 11
EBIT margin (comparable)¹ % 10.3 6.9
EBIT 88 -13
EBIT margin % 8.1 -8.2
Invested capital (IC) 330 365
Return on invested capital (ROIC) % 17.7 n/a
Number of employees 3'663 3'687

¹Without PPA effects on inventory and items affecting comparability.
²Only covers the months of November and December.

GF Casting Solutions

GF Casting Solutions is one of the leading solution providers of lightweight components in the mobility and energy industries. As a future-oriented company, GF Casting Solutions acts as a driving force for innovation in the foundry and additive manufacturing world and aims to take the lead in developing and manufacturing innovative and energy-efficient lightweight solutions, empowering sustainable mobility. 

Sales per segment (CHF 841 million) in %

  • 75% Automotive
  • 12% Industrial Applications
  • 13% Aerospace/Energy
CHF million
2024
2023
CHF million 2024 2023
Order intake 832 912
Orders on hand 262 269
Sales 841 910
Sales growth % -7.6 2.0
Organic growth % -5.6 11.4
EBITDA (comparable)¹ 96 104
EBITDA margin (comparable)¹ % 11.5 11.4
EBITDA 82 104
EBITDA margin % 9.8 11.4
EBIT (comparable)¹ 56 64
EBIT margin (comparable)¹ % 6.7 7.0
EBIT 42 64
EBIT margin % 5.0 7.0
Invested capital (IC) 355 315
Return on invested capital (ROIC) % 12.8 17.6
Number of employees 3'586 3'792

¹Without items affecting comparability.

GF Machining Solutions

GF Machining Solutions is one of the world's leading providers of complete solutions for precision components and tools manufacturers, and the mold-making industry. The portfolio includes milling, EDM, laser texturing, laser micromachining, and additive manufacturing machines. 

Sales per segment (CHF 885 million) in %

  • 33% Milling
  • 29% Customer Service
  • 23% EDM
  • 15% Advanced Manufacturing/Automation & Tooling
CHF million
2024
2023
CHF million 2024 2023
Order intake 848 907
Orders on hand 180 211
Sales 885 887
Sales growth % -0.2 -6.5
Organic growth % 2.4 -1.9
EBITDA (comparable)¹ 70 75
EBITDA margin (comparable)¹ % 7.9 8.4
EBITDA 66 75
EBITDA margin % 7.5 8.4
EBIT (comparable)¹ 52 60
EBIT margin (comparable)¹ % 5.9 6.8
EBIT 49 60
EBIT margin % 5.5 6.8
Invested capital (IC) 258 267
Return on invested capital (ROIC) % 16.4 22.9
Number of employees 3'289 3'377

¹Without items affecting comparability.

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