The Engineered Components segment delivered strong growth. Margins were slightly improved from the previous year’s high level.
Core activities show high growth rates
Strong sales growth of 8.1% was achieved in the Engineered Components segment. Organic sales growth in the core business, which excludes the effects of exchange rate movements and changes in the scope of consolidation as well as the results of the non-core trading activity, amounted to 7.8%. This dynamic growth was fueled by the launch of numerous new projects. Additional significant innovation-driven projects are still at an early stage of execution and will provide further growth catalysts in the years ahead. Our earnings performance was steady with an EBITA margin of 19.1%, which represents a slight improvement from the high level reported in the previous year (18.9%). This was a pleasing achievement given the additional costs that were incurred to pave the way for the realization of highly innovative projects.(…)
via Engineered Components | SFS Group AG – Annual Report 2014.