In a challenging environment shaped by considerable uncertainty, SFS Group exceeded its growth targets in all regions and end markets – with the exception of the automotive industry. The completion of the transaction with Hoffmann at the beginning of May marked the internationalization of the trading business conducted by the Distribution & Logistics segment. At CHF 1,223.6 million, sales in the first half of 2022 were 27.8% up on the last year, while the EBIT margin adjusted for one-off effects stood at 14.7%.

Demand for SFS products remained high over the period in most end markets and regions – regardless of the considerable uncertainty due to the war in Ukraine, sustained disruption in supply chains, further waves of COVID-19 in Asia and Europe and an environment of rising interest rates and inflation. As in the previous financial year, a high level of delivery readiness remained a strong competitive advantage. The continued ability to deliver to customers was maintained thanks to local production sites, robust and largely regional supply chains and the tremendous commitment of the employees.

SFS Group generated gross sales of CHF 1,223.6 million in the first half-year, which corresponds to year-on-year growth of 27.8%. In addition to organic growth of 9.8%, there were consolidation effects of 19.3%, primarily as a result of the first-time consolidation of Hoffmann as of May 1. Currency effects reduced sales growth by –1.3%.