Year 2023 Key figures 2023
Key figures 2023
Including the acquisitions of Uponor Corp. (Finland) and Corys Piping Systems (UAE) in the second half of the year 2023, sales amounted to CHF 4.0 billion. Excluding Uponor, sales reached CHF 3.9 billion, 3.4% below 2022 on account of a currency impact of CHF 263 million. Organically, sales increased by 3.7%. GF Uponor’s key figures only cover the months of November and December 2023.
Sales
in CHF million
4’026
EBIT
in CHF million
365
EBIT margin
in %
9.1
Sales
in CHF million
4’026
Sales per division
in CHF million
EBIT (comparable)¹
in CHF million
389
EBIT
in CHF million
365
EBIT margin (comparable)¹
in %
9.7
EBIT margin
in %
9.1
EBIT per division (comparable)¹
in CHF million
EBIT per division
in CHF million
Return on invested capital (ROIC) (comparable)¹
in %
21.5
Return on invested capital (ROIC)
in %
19.8
Earnings per share
in CHF
2.87
Net profit shareholders GF
in CHF million
235
Free cash flow before acquisitions/divestments
in CHF million
134
Number of employees
.
19’824
1 Without PPA effects on inventory and items affecting comparability out of the Uponor acquisition.
Key Figures
| GF Corporation | GF Piping System | GF Uponor² | GF Casting Solutions | GF Machining Solutions | GF Corporation excl. positions & effects of Uponor³ | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CHF million | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | |
| Order intake | 3’938 | 4’227 | 1’954 | 2’319 | 167 | 912 | 965 | 907 | 945 | 3’771 | ||
| Orders on hand | 827 | 931 | 300 | 442 | 47 | 269 | 284 | 211 | 206 | 779 | ||
| Sales | 4’026 | 3’998 | 2’066 | 2’160 | 164 | 910 | 892 | 887 | 948 | 3’861 | ||
| Sales growth % | 0.7 | 7.4 | –4.4 | 9.6 | 2.0 | 1.4 | –6.5 | 8.7 | –3.4 | |||
| Organic growth % | 3.7 | 13.5 | 3.0 | 13.3 | 11.4 | 17.2 | –1.9 | 10.9 | 3.7 | |||
| EBITDA (comparable)¹ | 511 | 507 | 327 | 341 | 19 | 104 | 99 | 75 | 81 | 492 | ||
| EBITDA margin (comparable)¹ % | 12.7 | 12.7 | 15.8 | 15.8 | 11.3 | 11.4 | 11.1 | 8.4 | 8.6 | 12.8 | ||
| EBITDA | 486 | 507 | 327 | 341 | –6 | 104 | 99 | 75 | 81 | 492 | ||
| EBITDA margin % | 12.1 | 12.7 | 15.8 | 15.8 | –3.7 | 11.4 | 11.1 | 8.4 | 8.6 | 12.8 | ||
| EBIT (comparable)¹ | 389 | 391 | 275 | 291 | 11 | 64 | 55 | 60 | 67 | 378 | ||
| EBIT margin (comparable)¹ % | 9.7 | 9.8 | 13.3 | 13.5 | 6.9 | 7.0 | 6.2 | 6.8 | 7.0 | 9.8 | ||
| EBIT | 365 | 391 | 275 | 291 | –13 | 64 | 55 | 60 | 67 | 378 | ||
| EBIT margin % | 9.1 | 9.8 | 13.3 | 13.5 | –8.2 | 7.0 | 6.2 | 6.8 | 7.0 | 9.8 | ||
| Net profit shareholders GF | 235 | 276 | ||||||||||
| Basic earnings per share in CHF | 2.87 | 3.37 | ||||||||||
| Free cash flow before acquisitions/divestments | 134 | 146 | ||||||||||
| Invested capital (IC) | 1’707 | 1’277 | 758 | 705 | 365 | 315 | 326 | 267 | 196 | 1’342 | ||
| Return on invested capital (ROIC) (comparable)¹ % | 21.5 | 23.4 | 31.1 | 35.6 | n/a | 17.6 | 11.2 | 22.9 | 31.7 | 23.8 | ||
| Return on invested capital (ROIC) % | 19.8 | 23.4 | 31.1 | 35.6 | n/a | 17.6 | 11.2 | 22.9 | 31.7 | 23.8 | ||
| Net debt (+)/Net cash (–) | 1’879 | –159 | ||||||||||
| Number of employees | 19’824 | 15’207 | 8’798 | 8’085 | 3’687 | 3’792 | 3’570 | 3’377 | 3’398 | 16’137 | ||
¹ Without PPA effects on inventory and items affecting comparability out of the Uponor acquisition.
² GF Uponor’s key figures only cover the months of November and December 2023.
³ For comparative purpose only.
Sales per region
in % (100% = CHF 4’026 million)
Americas
21
%
CHF 837 million
Switzerland
5
%
CHF 220 million
Germany
14
%
CHF 556 million
Rest of Europe
26
%
CHF 1’050 million
China
22
%
CHF 865 million
Rest of Asia
7
%
CHF 295 million
Rest of world
5
%
CHF 204 million
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