Annual report 2020
Commitment and flexibility
A year marked by the COVID-19 pandemic and the measures taken to contain the outbreak, 2020 posed major challenges to the SFS Group. The tremendous commitment and flexibility of our employees helped us to overcome these challenges. After a steep decline in demand in the first half of the year, a significant recovery took place in several end markets and regions from the summer months. Full year sales amounted to CHF 1,704.9 million, a slight decline of 4.3% from the previous year. SFS achieved an EBIT margin of 13.3%, unchanged from the prior-year level.