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Georg Fischer AG (FIN.S)

FIN.S on Swiss Exchange

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Latest Key Developments (Source: Significant Developments)

Georg Fischer H1 Net Profit Down At 101 Million Francs
Thursday, 18 Jul 2019 

July 18 (Reuters) - GEORG FISCHER AG ::GF PIPING SYSTEMS INCREASES STRONG PRIOR-YEAR PERFORMANCE - SWIFT ACTIONS TO ADDRESS AUTOMOTIVE DROP.H1 SALES DECREASE 5.5% ORGANICALLY TO CHF 1'915 MILLION.H1 EBIT MARGIN BEFORE ONE-OFF ITEMS OF 8%.IMPLEMENTATION OF STRATEGY 2020 IS FULLY ON TRACK.FOR YEAR AS A WHOLE, GF EXPECTS FREE CASH FLOW BEFORE ACQUISITIONS TO BE IN LINE WITH OUR PUBLISHED RANGE OF CHF 150 TO 200 MILLION.NET PROFIT AFTER MINORITIES AND ONE-OFF ITEMS WAS CHF 101 MILLION COMPARED TO CHF 150 MILLION IN FIRST SEMESTER OF 2018.BARRING UNFORESEEN CIRCUMSTANCES, GF EXPECTS TO ACHIEVE FOR 2019 AN EBIT MARGIN BEFORE ONE-OFF ITEMS OF ABOUT 8% AND AN ROIC BETWEEN 14% AND 18%.FOR 2020, GF CONTINUES TO TARGET OBJECTIVES THAT WERE REVISED UPWARDS IN 2018 OF 9-10% ROS AND 20-24% ROIC.GF MACHINING SOLUTIONS HAS A SOLID ORDER BOOK, WHICH SHOULD LEAD TO A STRONGER SECOND HALF-YEAR.  Full Article

Georg Fischer Says FY EBIT Increased By 9 Pct To CHF 382 Mln
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Georg Fischer AG ::GF GREW AGAIN DOUBLE-DIGIT IN 2018 TO REACH CHF 4'572 MILLION.FY OPERATIONAL RESULT (EBIT) INCREASED BY 9% TO CHF 382 MILLION.FY NET PROFIT AFTER MINORITIES OF CHF 281 MILLION, AN INCREASE OF 12% COMPARED TO 2017.CFO ANDREAS MÜLLER TO SUCCEED YVES SERRA AS CEO IN APRIL 2019.FOR GF OVERALL, 2020 STRATEGY GROWTH OBJECTIVES REMAIN UNCHANGED AT 3-5%.OBJECTIVES FOR 2016-2020 STRATEGY HAVE BEEN INCREASED TO 9-10% (FROM 8-9%) FOR ROS AND 20-24% (FROM 18-22%) FOR ROIC.  Full Article

Georg Fischer: Andreas Mueller To Succeed Yves Serra As CEO
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - GEORG FISCHER AG ::ANDREAS MUELLER TO SUCCEED YVES SERRA AS CEO.MUELLER WILL TAKE OVER FROM YVES SERRA AT ANNUAL SHAREHOLDERS' MEETING OF 17 APRIL 2019.  Full Article

Georg Fischer Appoints New Head Of GF Casting Solutions
Thursday, 26 Jul 2018 

July 26 (Reuters) - Georg Fischer AG ::APPOINTS NEW HEAD OF GF CASTING SOLUTIONS.  Full Article

Georg Fischer Raises CHF 200 Million On Swiss Capital Market
Wednesday, 21 Mar 2018 

March 21 (Reuters) - GEORG FISCHER AG ::RAISED TODAY CHF 200 MILLION ON THE SWISS CAPITAL MARKET.BOND HAS A DURATION OF 10 YEARS AND CARRIES A COUPON OF 1.05%.  Full Article

Georg Fischer AG FY Sales Grew 11% To CHF 4'150 Million
Wednesday, 28 Feb 2018 

Georg Fischer Ag ::FY SALES GREW 11% TO CHF 4'150 MILLION.FY OPERATING RESULT (EBIT) INCREASED 13% TO CHF 352 MILLION.FY EARNINGS PER SHARE REACH CHF 62 UP 17% FROM CHF 53 IN 2016.  Full Article

Georg Fischer ‍to acquire software company Symmedia GmbH
Wednesday, 27 Sep 2017 

Sept 27 (Reuters) - GEORG FISCHER AG ::‍TO ACQUIRE LEADING SOFTWARE SPECIALIST TO ACCELERATE DIGITAL TRANSFORMATION​.‍AGREED TO PURCHASE 100 PERCENT OF SHARES OF SYMMEDIA GMBH, BIELEFELD (GERMANY)​.‍SYMMEDIA WILL CONTINUE TO OPERATE UNDER ITS CURRENT MANAGEMENT FROM ITS BIELEFELD BASE​.‍BOTH PARTIES HAVE AGREED NOT TO DISCLOSE ANY FINANCIAL DETAILS​.  Full Article

Swiss stocks - Factors to watch on August 6

ZURICH/BERLIN, Aug 6 The Swiss blue-chip SMI was seen opening 0.6% lower at 9,541 points on Tuesday, according to premarket indications by bank Julius Baer .