Georg Fischer AG
SIX:GF

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Georg Fischer AG Logo
Georg Fischer AG
SIX:GF
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Price: 51.25 CHF -1.16% Market Closed
Market Cap: CHf4.2B

Georg Fischer AG
Investor Relations

Georg Fischer AG, a Swiss-based company with a storied history, has navigated the industrial landscape for over two centuries, adapting to the ebbs and flows of technological and market demands. Founded in 1802, the company’s journey began in the age of wrought iron, and it rapidly evolved into a significant player in the global market, pioneering in the development of innovative piping systems, machining solutions, and lightweight aluminum components. At the heart of Georg Fischer’s operational ethos is its focus on sustainability and innovation, aligning its products with environmental needs and industrial transformation.

The company generates revenue through its three distinct, yet interrelated divisions: GF Piping Systems, GF Casting Solutions, and GF Machining Solutions. GF Piping Systems offers a wide array of products for the safe transport of water, gas, and chemicals, utilizing both metal and plastic materials to serve diverse industries from utilities to marine applications. Meanwhile, GF Casting Solutions provides high-performance cast components for the automotive, aerospace, and energy sectors, emphasizing lightweight solutions that meet stringent industry standards. Lastly, GF Machining Solutions caters to highly precise manufacturing needs with its advanced machine tools, crucial for producing complex parts in aerospace and medical technology industries. Through this diversified approach, Georg Fischer AG continues to thrive by addressing changing market needs, ensuring its clients can rely on high-quality and innovative solutions.

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Last Earnings Call
Fiscal Period
Q3 2024
Call Date
Oct 30, 2024
AI Summary
Q3 2024

Strategic Focus: GF is accelerating its shift to focus exclusively on water and flow solutions, announcing the divestment of the Machining Solutions division and reviewing options for the Casting division.

Machining Solutions Divestment: The Machining Solutions business will be sold to United Grinding Group for CHF 630–650 million, including a CHF 20 million earn-out, with completion expected in early 2025.

Financial Impact: The sale will generate a one-off capital gain of CHF 150–200 million and proceeds will be used to repay debt, resulting in a significant reduction in net debt and interest expenses.

Guidance Update: For 2024, GF expects flat organic sales and an EBIT margin of around 9%, reflecting ongoing headwinds in European automotive and construction markets.

Future Outlook: GF reiterated its 2030 ambition to reach CHF 5 billion in annual sales and become the leading provider of water and flow solutions.

Key Financials
Machining Solutions Divestment Value
CHF 630–650 million
Machining Solutions Earn-Out
CHF 20 million
Expected One-Off Capital Gain from Divestment
CHF 150–200 million
Interest Expense Reduction
CHF 20–25 million per annum
2024 EBIT Margin Guidance
Around 9%
2024 Organic Sales Guidance
Flat
2030 Sales Target
CHF 5 billion annual sales
Net Debt to EBITDA (expected mid-2025, post-closing)
Around 2.5x to 2.7x
Other Earnings Calls
2024

Management

Mr. Andreas Muller
CEO, President & Head of Corporate Development
No Bio Available
Ms. Nadine Gruber
Head Investor Relations & Enterprise Risk Management
No Bio Available
Mr. Marc Lahusen
Head of Legal, Compliance, Insurance, Patent &Trademark
No Bio Available
Mr. Beat Romer
Head of Corporate Communications
No Bio Available
Mr. Peter Ziswiler
Head of Corporate Human Resources
No Bio Available
Mr. Daniel Vaterlaus
Head of Risk Management & Taxes Corporation
No Bio Available
Mr. Helmut Elben
Head of Corporate Strategy, M&A and IT
No Bio Available
Thorsten Schittges
Head of Internal Audit
No Bio Available
Mr. Lindsay Zingg
Head of Corporate Sustainability
No Bio Available
Mr. Michael Rauterkus
President of GF Building Flow Solutions
No Bio Available

Contacts

Address
SCHAFFHAUSEN
Schaffhausen
Amsler-Laffon-Strasse 9
Contacts
+41526311111.0
www.georgfischer.com