A substantial growth in sales and profit

-Sales increased by 7% to CHF 1’992 million, 8% organically
-Operating result up 10% to CHF 168 million for an 8.4% EBIT margin
-Net profit up 12% to CHF 122 million
-Strategy implementation well on track

Whilst continuing to invest for its future profitable growth, GF grew during the first half-year of 2017 by 7%. All divisions substantially increased sales, most of all GF Piping Systems. Adjusted for currency effects and acquisitions, the Corporation achieved a growth of 8%. The operating result reached CHF 168 million for a 8.4% return on sales (ROS) against 8.2% in the first semester of 2016 and the return on invested capital (ROIC) stood at 19.2% against 18.2% in the first six months of 2016.

The Net profit amounted to CHF 122 million, a 12% increase compared to previous year. Free cash flow before acquisitions stood at CHF –30 million compared to CHF 25 million during the same period of 2016 as capital expenditures increased as well as working capital due to the strong growth of the first half year, especially in Asia. 

Key figures as of 30 June 2017

Key figures as of 30 June 2017