Siegfried AG Achieves Steady Profit Growth in 2024

Siegfried AG reported continued profitable growth in 2024, with net sales reaching CHF 1,294.6 million, marking a 3.0% increase in local currencies. The company's robust performance was fueled by strong demand from both existing and new customers. Siegfried's strategic execution of efficiency and operational excellence played a key role in increasing profitability across its manufacturing sites.

The firm's strategy, EVOLVE+, unveiled in October 2024, focuses on commercial, development, and operational excellence, yielding rapid progress. Acquisitions and advancements, including a new facility in Grafton, Wisconsin, and a quality control lab in Minden, underline its commitment to bolstering R&D and operational capabilities.

Core EBITDA rose to CHF 285.6 million with a 22.1% margin, while core net profit increased by 24.0% to CHF 158.9 million. Despite higher investments and tax expenses, Siegfried expects mid-single-digit sales growth and a core EBITDA margin above 22% in 2025.