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Georg Fischer AG (FIN.S)

FIN.S on Swiss Exchange

1,293.00CHF
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Georg Fischer: Linamar wins major order for lightweight components
Friday, 15 Sep 2017 

Sept 15 (Reuters) - GEORG FISCHER AG :GF LINAMAR WINS MAJOR ORDER FOR LIGHTWEIGHT COMPONENTS.VALUE OF CONTRACT AMOUNTS TO A TOTAL OF AROUND 300 MILLION US DOLLARS OVER A PERIOD OF FIVE YEARS.MAJOR ORDER CONSISTS OF CROSS CAR BEAMS FOR NEW PICKUP MODEL.  Full Article

Georg Fischer to acquire two companies in China
Thursday, 18 Aug 2016 

Georg Fischer AG : GF to acquire two companies in China . Chinaust Group, a 50/50 joint venture between GF Piping Systems and Lingyun Industrial Co., announces today acquisition of two chinese companies: Shuchang Auto Part Co. Ltd and Lingyun Jingran Gas Valve Co. Ltd. .Parties have agreed not to disclose financial details of transaction.  Full Article

Georg Fischer H1 net profit up at CHF 109 mln
Wednesday, 20 Jul 2016 

Georg Fischer AG : H1 sales reached 1,863 million Swiss francs ($1.89 billion), 3 pct above first six months of 2015 . H1 net profit reached 109 million Swiss francs, a substantial 36 pct increase compared to previous year. . H1 operating result up 20 pct to 153 million Swiss francs for an 8.2 pct EBIT margin . Markets remain however volatile and quite uneven according to respective country and sector of activity . Brexit vote in UK certainly adds another layer of uncertainty .Nevertheless, expects in second half year a result similar to first half and therefore full-year 2016 figures in line with our strategy 2020.  Full Article

Georg Fischer wins major global order for lightweight car components
Wednesday, 6 Jul 2016 

Georg Fischer AG : GF automotive, a division of GF, has received a major global order for passenger cars' structural parts from a well-known european car manufacturer . Contract amounts to 84 million euros ($92.84 million) .Components will be simultaneously produced in Europe, China and us as of 2018.  Full Article

Georg Fischer to acquire US micro-machining specialist
Wednesday, 11 May 2016 

Georg Fischer AG : To acquire U.S. micro-machining specialist .GF Machining Solutions, a division of GF, has agreed to purchase 100 percent of shares of Microlution Inc..  Full Article

Georg Fischer AG to acquire piping company in Indonesia
Wednesday, 4 May 2016 

Georg Fischer AG:To acquire piping company in Indonesia.GF Piping Systems, division of GF, announces acquisition of PT Eurapipe Solutions Indonesia.Parties have agreed not to disclose financial details of transaction.  Full Article

Georg Fischer wins substantial order in US
Wednesday, 27 Apr 2016 

Georg Fischer AG:GF Machining Solutions wins substantial order in U.S.GF Machining Solutions, a division of GF, has received a major order from a well-known U.S.-based customer.Order consists of several high-end milling machines including automation and software for a total value of about $15 million as well as related training, support and services.  Full Article

Georg Fischer raises CHF 225 mln issuing 10-yr bond
Monday, 11 Apr 2016 

Georg Fischer AG:Raised 225 million Swiss francs on the Swiss capital market.Bond has a term of 10 years and carries a coupon of 0.875 percent.Says bond has been issued through a bank syndicate led by Credit Suisse at a price of 100.143 percent.To refinance its existing 3.375 percent bond 2010 – 2016 over 200 million francs, which is due on May 12, 2016.  Full Article

Georg Fischer says Andreas Mueller to become CFO effective Jan. 1, 2017
Thursday, 24 Mar 2016 

Georg Fischer AG:Announces today that effective Jan. 1, 2017, Andreas Mueller will become Chief Financial Officer of GF.He will succeed Roland Abt who has been CFO of corporation for last 13 years.  Full Article

Georg Fischer AG to propose FY 2015 dividend
Tuesday, 1 Mar 2016 

Georg Fischer AG:‍Proposes to annual shareholders meeting increased dividend of 18 Swiss francs per share (previous year: 17 francs) for FY 2015.  Full Article

Swiss stocks - Factors to watch on Sept 27

ZURICH, Sept 27 The Swiss blue-chip SMI was seen opening 0.2 percent higher at 9,129 points on Wednesday, according to premarket indications by bank Julius Baer.