immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Betriebsgewinn

  • Growth in premiums and fees in the half-year under review

    Growth in premiums and fees in the half-year under review

    The Swiss Life Group reports an operating profit of CHF 903 million for the first half of the year. In a year-on-year comparison, this corresponds to growth of 3 per cent in local currency, the internationally active insurance group from Zurich reported in a press release. At CHF 602 million, however, net profit was CHF 30 million lower than in the first half of the previous year. Swiss Life cites a year-on-year increase in tax expenses of CHF 36 million as the reason for this.

    “We were able to further expand both our insurance and fee business and achieved a higher operating profit”, Group CEO Matthias Aellig is quoted as saying in the press release. Specifically, Swiss Life increased its own premium income by 5 per cent in local currency to CHF 12.1 billion. At the same time, fee income rose by 2 per cent in local currency to CHF 1.27 billion. “We also significantly increased net new money inflows in the investment business for third-party clients and our solvency remains strong,” explains Aellig. “With these results, we have made a successful start to our Swiss Life 2027 corporate programme and are on track.”

    In the Swiss Life 2027 programme, the Group has set itself the goal of increasing its result in fee-based business to over CHF 1 billion per year by 2027. A result of CHF 392 million was achieved in the half year under review. Swiss Life has set a target range of 17 to 19 per cent for the return on equity in 2027. In the half year under review, the return on equity was 17.6 per cent.

  • Increased costs reduce Forbo's profitability

    Increased costs reduce Forbo's profitability

    According to a statement from Forbo , the internationally active manufacturer of floor coverings, construction adhesives, as well as drive and light conveyor technology from Baar, generated sales totaling CHF 667.3 million in the first half of 2022. In a year-on-year comparison, this corresponds to growth of 7.1 percent. The company attributes the increase primarily to the increase in sales prices. Forbo writes that the demand from many customer segments has now “leveled out at a pre-pandemic level”.

    The company suffered declines in operating and net income. "Negative currency effects, significant increases in the cost of raw materials, transport and energy, as well as increased personnel and other costs have significantly reduced operating profitability," the statement said. At CHF 78.6 million, the operating result at EBIT level was 4.3 percent lower than in the previous year, and the corresponding margin fell by 1.4 percentage points to 11.8 percent. At CHF 60.3 million, consolidated profit was 5.0 percent below the previous year's figure.

    Due to volatile markets and "a difficult geopolitical and financial situation", Forbo does not make any estimates regarding sales and earnings for the year as a whole. However, the company sees itself well prepared for the upcoming challenges.

  • Holcim continues to grow

    Holcim continues to grow

    According to a press release, building materials producer Holcim increased sales in all segments by 16.9 percent to CHF 14.681 billion in the first half of the year. The roofing and insulation business in particular ended with above-average growth. Holcim expects further growth impetus in the division. In addition to sales, the record result includes recurring EBIT (earnings before interest and taxes) of CHF 2.173 billion, an increase of 9.6 percent in Swiss francs, and earnings per share, which increased by 39.7 percent to CHF 1.90.

    In order to continue the company's success, according to the announcement, the focus is on the company's decarbonization. Based on the good half-year figures, Holcim feels well positioned to implement Strategy 2025 “Accelerating Green Growth”. This envisages world market leadership for innovative and sustainable construction solutions and net zero by 2050.

    For the 2022 financial year, CEO Jan Jenisch, who was quoted in the announcement, estimates pro-forma sales of CHF 3.5 billion and expects “sales growth of at least 10 percent on a comparable basis”.

  • Dormakaba is growing at double-digit rates

    Dormakaba is growing at double-digit rates

    According to a statement from dormakaba , the globally active locking technology group from the Glattal generated sales totaling CHF 1.35 billion in the first half of the 2021/22 financial year, which ended on December 31, 2021. In a year-on-year comparison, this corresponds to growth of 10.0 percent. The operating result at the EBITDA level increased by 7.9 percent to CHF 193.5 million in the same period. A net profit of CHF 100.6 million was reported compared to CHF 99.9 million in the same period of the previous year.

    At 14.3 percent, the EBITDA margin was 0.3 percentage points lower than in the first half of 2020/21. In the statement, dormakaba attributes this “to the product mix, higher raw material and freight costs and increased labor costs”. In the Germany, Austria and Switzerland region, however, the EBITDA margin increased from 17.1 to 18.2 percent year-on-year.

    "Due to healthy demand, we were able to achieve strong organic growth," Jim-Heng Lee is quoted as saying in the release. According to dormakaba's CEO, the company was able to record "promising order intake and a good order backlog" in most markets and all segments. The head of the company is confident "that we will continue on this path of growth with the implementation of our new strategy".

    dormakaba reorganized its corporate structure with effect from the beginning of the year. In the future there will be “three customer-centric regions and sales organizations” with Americas, Asia Pacific and Europe & Africa, according to the press release. To this end, the DACH and EMEA business areas will be combined in the Europe & Africa region and the Middle East region will be integrated into Asia Pacific. All regions are to be supported “by new global functions such as Marketing & Products or Operations”.