Georg Fischer AG 2019 AR2
The report highlights Georg Fischer's (GF) performance and strategic progress during the fiscal year 2019. The company generated sales of CHF 3,720 million, representing an organic decline of 4.1% due to economic headwinds and structural changes in the automotive sector. GF successfully completed its withdrawal from the European automotive iron casting business with the divestment of its Herzogenburg foundry. Key achievements include the inauguration of the new innovation and production center in Biel (Switzerland) and the expansion of the marine business in the US. Additionally, the company advanced its sustainability initiatives, donating CHF 500,000 to the Clean Water Foundation and preparing its sustainability framework for 2021–2025.
Company: Georg Fischer AG
Sector: Manufacturing
Country: Switzerland
Year: 2019
Type: AR2
Pages: 248
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Georg Fischer AG
Annual Report
The report highlights Georg Fischer's (GF) performance and strategic progress during the fiscal year 2019. The company generated sales of CHF 3,720 million, representing an organic decline of 4.1% due to economic headwinds and structural changes in the automotive sector. GF successfully completed its withdrawal from the European automotive iron casting business with the divestment of its Herzogenburg foundry. Key achievements include the inauguration of the new innovation and production center in Biel (Switzerland) and the expansion of the marine business in the US. Additionally, the company advanced its sustainability initiatives, donating CHF 500,000 to the Clean Water Foundation and preparing its sustainability framework for 2021–2025.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Published
Feb 20, 2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees