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Fastening Systems segment realised a pleasing growth

Parent company of GESIPA®: SFS achieved solid sales growth and a substantial improvement in profitability

Driven by solid sales growth of 5.9% in its core businesses, SFS Group (parent company of Gesipa Blindniettechnik GmbH) generated consolidated sales of CHF 1,437 million in its 2016 financial year. The adjusted operating profit margin (EBITA) improved to 14.4% from 12.5% in the previous year.

Fastening Systems: Good momentum sustained
The Fastening Systems segment carried its good momentum from the first half into the second half of the year and generated sales of CHF 355.6 million. This corresponds to a pleasing growth of 8.8% (6.9% on a like-for-like basis). Growth was broadly based in terms of application areas and geographies.