In the 2022 financial year, the SFS Group generated gross sales of CHF 2,746 million, which corresponds to growth of 45.1%. Organic growth was generated in most end markets and regions throughout the year. The consolidation of Hoffmann as of May 1, 2022, caused sales at SFS to soar.
Due to the war in Ukraine, sustained disruption in supply chains, further waves of COVID-19 as well as sharply rising energy costs, interest rates and inflation, considerable uncertainty and high volatility were constant companions during 2022. These circumstances notwithstanding, SFS exploited the opportunities that arose and generated good organic growth in most end markets and regions.
Driven by the continuing dynamic market environment in the construction industry, the Fastening Systems segment posted a 12.2% increase in sales during the reporting year.
The detailed, audited financial statements for the 2022 financial year and expectations for the 2023 financial year will be presented at the media, analyst and investor conference on Friday, March 3, 2023.
