Founded in 1802, the Corporation – with its divisions GF Piping Systems, GF Building Flow Solutions, GF Casting Solutions and GF Machining Solutions – is headquartered in Switzerland. At the end of 2023, it was present in 45 countries with 187 companies, 76 of which are production companies with 105 facilities. GF’s 19'824 employees worldwide generated sales of CHF 4'026 million in 2023.
| CHF million | 2023 | 2022 | 2023² |
|---|---|---|---|
| Order intake | 3'938 | 4'227 | 3'771 |
| Orders on hand | 827 | 931 | 779 |
| Sales | 4'026 | 3'998 | 3'861 |
| Sales growth % | 0.7 | 7.4 | -3.4 |
| Organic growth % | 3.7 | 13.5 | 3.7 |
| EBITDA (comparable)¹ | 511 | 507 | 492 |
| EBITDA margin (comparable)¹ % | 12.7 | 12.7 | 12.8 |
| EBITDA | 486 | 507 | 492 |
| EBITDA margin % | 12.1 | 12.7 | 12.8 |
| EBIT (comparable)¹ | 389 | 391 | 378 |
| EBIT margin (comparable)¹ % | 9.7 | 9.8 | 9.8 |
| EBIT | 365 | 391 | 378 |
| EBIT margin % | 9.1 | 9.8 | 9.8 |
| Net profit shareholders GF | 235 | 276 | |
| Free cash flow before acquisitions/divestments |
134 | 146 | |
| Invested capital (IC) | 1'707 | 1'277 | 1'342 |
| Return on invested capital (ROIC) (comparable)¹ % | 21.5 | 23.4 | 23.8 |
| Return on invested capital (ROIC) % | 19.8 | 23.4 | 23.8 |
| Number of employees | 19'824 | 15'207 | 16'137 |
¹Without PPA effects on inventory and items affecting comparability out of the Uponor acquisition.
²GF Corporation excl. positions & effects of Uponor, for comparative purpose only.
As the leading flow solutions provider for the safe and sustainable transport of fluids, GF Piping Systems creates connections for life. The division focuses on industry-leading leak-free piping solutions for numerous demanding end-market segments.
| CHF million | 2023 | 2022 |
|---|---|---|
| Order intake | 1'954 | 2'319 |
| Orders on hand at year end | 300 | 442 |
| Sales | 2'066 | 2'160 |
| Sales growth % | -4.4 | 9.6 |
| Organic growth % | 3.0 | 13.3 |
| EBITDA | 327 | 341 |
| EBITDA margin % | 15.8 | 15.8 |
| EBIT | 275 | 291 |
| EBIT margin % | 13.3 | 13.5 |
| Invested capital (IC) | 758 | 705 |
| Return on invested capital (ROIC) % | 31.1 | 35.6 |
| Number of employees | 8'798 | 8'085 |
GF Building Flow Solutions is a leading global provider of solutions that efficiently and effectively move water through cities, buildings, and homes. The division provides safe drinking water, energy-efficient radiant heating and cooling systems as well as reliable infrastructure solutions. It helps customers in residential and commercial construction, municipalities, and utilities, be more productive – and continuously find new ways to conserve, manage and provide water responsibly, unlocking its potential to provide comfort, health, and efficiency.
| CHF million | 2023 |
|---|---|
| Order intake | 167 |
| Orders on hand at year-end | 47 |
| Sales | 164 |
| EBITDA (comparable)² | 19 |
| EBITDA margin (comparable)² % | 11.3 |
| EBITDA | -6 |
| EBITDA margin % | -3.7 |
| EBIT (comparable)² | 11 |
| EBIT margin (comparable)² % | 6.9 |
| EBIT | -13 |
| EBIT margin % | -8.2 |
| Invested capital (IC) | 365 |
| Number of employees | 3'687 |
¹GF Building Flow Solutions key figures only cover the months of November and December 2023.
²Without PPA effects on inventory and items affecting comparability out of the Uponor acquisition.
GF Casting Solutions is one of the leading solution providers of lightweight components in the mobility and energy industries. As a future-oriented company, GF Casting Solutions acts as a driving force for innovation in the foundry and additive manufacturing world and aims to take the lead in developing and manufacturing innovative and energy-efficient lightweight solutions, empowering sustainable mobility.
| CHF million | 2023 | 2022 |
|---|---|---|
| Order intake | 912 | 965 |
| Orders on hand at year-end | 269 | 284 |
| Sales | 910 | 892 |
| Sales growth % | 2.0 | 1.4 |
| Organic growth % | 11.4 | 17.2 |
| EBITDA | 104 | 99 |
| EBITDA margin % | 11.4 | 11.1 |
| EBIT | 64 | 55 |
| EBIT margin % | 7.0 | 6.2 |
| Invested capital (IC) | 315 | 326 |
| Return on invested capital (ROIC) % | 17.6 | 11.2 |
| Number of employees | 3'792 | 3'570 |
GF Machining Solutions is one of the world's leading providers of complete solutions for precision components and tools manufacturers, and the mold-making industry. The portfolio includes milling, EDM, laser texturing, laser micromachining, and additive manufacturing machines.
| CHF million | 2023 | 2022 |
|---|---|---|
| Order intake | 907 | 945 |
| Orders on hand at year end | 211 | 206 |
| Sales | 887 | 948 |
| Sales growth % | -6.5 | 8.7 |
| Organic growth % | -1.9 | 10.9 |
| EBITDA | 75 | 81 |
| EBITDA margin % | 8.4 | 8.6 |
| EBIT | 60 | 67 |
| EBIT margin % | 6.8 | 7.0 |
| Invested capital (IC) | 267 | 196 |
| Return on invested capital (ROIC) % | 22.9 | 31.7 |
| Number of employees | 3'377 | 3'398 |
