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SFS Group

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SFS Group AG
Company typeLimited company
SIX: SFSN
ISINCH0239229302
IndustryFastening systems and precision formed components
Founded1928; 96 years ago (1928)
HeadquartersHeerbrugg, St. Gallen, Switzerland
Key people
RevenueSFr 1.89 billion (2021)
Number of employees
10,509 (2021)
Websitesfs.com

The SFS Group AG is concerned with precision components and assemblies, mechanical fastening systems, tooling and logistics systems. The headquarters are located in Heerbrugg, Switzerland. SFS employed nearly 11,000 people worldwide in 2021 and generated sales of SFr 1.89 billion with around 10,500 employees worldwide.[1]

History

The history of SFS began in 1928 in what was then the Stadler hardware store in Altstätten, Switzerland. In 1949, a branch was opened in nearby Heerbrugg. Motivated by supply bottlenecks, Josef Stadler and Hans Huber decided to set up their own screw production and jointly founded SFS Presswerk AG in 1960. Production was carried out by cold forming (also known as cold massive forming). [2]

Both trading and manufacturing activities were continuously expanded in the following decades. From 1971, the company built up an international network of market organizations. In 1993, the activities were combined under the umbrella of SFS Holding AG, and in 2014 the name was changed to SFS Group AG. Today, the activities are divided into the three segments Engineered Components, Fastening Systems and Distribution & Logistics.[3]

Today, SFS operates more than 100 trading, logistics and manufacturing locations worldwide. Through various acquisitions, SFS has been able to include plastic injection molding technology and deep drawing technology.[4]

On September 1, 2012, SFS acquired Singapore-based Unisteel Technology Group, which operates in the field of miniature fasteners (for smartphones and hard drives, for example) and has production facilities in Malaysia and China.[5][6] Although SFS itself also produces miniature screws, which with a diameter of 0.5 mm are among the thinnest in the world, it was increasingly losing market share in this area of application due to the continuous exodus of the cell phone industry. By acquiring the Unisteel Technology Group, SFS consolidated its position in this market segment. With the expansion of production capacities in Nansha (CN), the company is further increasing component production in Asia.[7]

Since 7 May 2014 SFS is listed on the SIX Swiss Exchange (SIX: SFSN).[8]

With the 2016 acquisitions of Stamm (Switzerland) and Tegra Medical (USA), SFS has expanded its position in the growing medical technology industry. This gives SFS access to a large, largely complementary portfolio of customers.[9]

In 2018, the brands SFS intec and SFS unimarket merged and now appear as SFS.

With the acquisition of Hoffmann SE, headquartered in Munich (Germany) in 2021, SFS is expanding its range of tools and creating new development opportunities through the internationalization of its trading business.[10]

Corporate organisation

The SFS Group consists of three operating segments which represent the three business models:[11]

  • Engineered Components: Customized precision components, fastening systems and assemblies with the brands SFS (Automotive and Industrial Division), Unisteel (Electronics Division) and Tegra Medical (Medical Division)
  • Fastening Systems: Application-optimized fastening and taping systems with the brands SFS (Construction Division) and GESIPA® (Riveting Division)
  • Distribution & Logistics: ranges of C-parts for industry and trade, tools and logistics with the SFS (Distribution & Logistics Switzerland Division) and Hoffmann (Distribution & Logistics International Division) brands.

The three operating segments are supported by the cross-segment functions Technology and Services.[citation needed]

Based on its core technologies of cold forming, precision machining, deep drawing and plastic injection molding, fastening technology, blind riveting technology and tooling technology, SFS Group supplies various sales markets. These include the automotive, construction, hardware, electrical, electronics and aerospace industries as well as medical technology.[12]

Facts and figures

2021 (Swiss GAAP FER) 2020 (Swiss GAAP FER) 2019 (Swiss GAAP FER) 2018 (Swiss GAAP FER)
Sales SFS 1,893 million CHF 1,704.9 million CHF 1,781.4 million CHF 1,738.6 million CHF
EBITDA 407.1 million CHF 327.6 million CHF 331.7 million CHF 332.8 million CHF
Operating profit (EBIT) 301.7 million CHF 227.4 million CHF 236.3 million CHF 243.1 million CHF
Net income 248.0 million CHF 184.8 million CHF 206.5 million CHF 193.9 million CHF
Employees 10,509 10,692 10,571 10,231

Source: SFS Group[13]

Apprentices at SFS

Every year, around 160 apprentices are trained in eleven professions - this corresponds to just under 7% of the entire Swiss workforce. Worldwide, around 5% of employees are in a dual training program.[14]

References

  1. ^ "SFS Group 2021 Annual Report: Financial overview". SFS Group. Retrieved 6 June 2022.
  2. ^ "Our history". SFS Group. Retrieved 2023-05-26.
  3. ^ "Group structure". SFS Group. Retrieved 2023-05-26.
  4. ^ "SFS Group on your side, 24/7". SFS Group. Retrieved 2023-05-26.
  5. ^ Reuters Reuters, called 29 July 2015
  6. ^ http://media.kkr.com/media/media_releasedetail.cfm?ReleaseID=702342, Website KKR, called 29 July 2015
  7. ^ Reuters Reuters, called 3 July 2015
  8. ^ http://www.bobsguide.com/guide/news/2014/May/7/shares-of-sfs-group-ag-sfsn-open-at-chf-67-00.html Bobsguide, web resource for financial technology, called 29 July 2015
  9. ^ http://annualreport.sfs.biz/fileadmin/user_upload/redakteure/gb2016/pdf/en/SFS_GB2016_Vollbericht_EN.pdf Annual Report 2016, SFS Group, called 15 March 2017
  10. ^ https://www.sfs.com/ch/en/media-newsroom/SFS-completes-transaction-with-Hoffmann.html, Website SFS Group, called 23 September 2022
  11. ^ https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22547847 Bloomberg, called 29 July 2015
  12. ^ https://www.sfs.com/ch/en/products-technologies/, Website SFS Group, called 23 September 2022
  13. ^ https://annualreport.sfs.com/de/ Annual Report 2021, SFS Group, called 23 September 2022
  14. ^ https://www.sfs.com/ch/en/career/vocational-training/, Website SFS Group, called 23 September 2022
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