Industry & Infrastructure Momentum
I&I Flow Solutions delivered 1.9% organic sales growth (H2 organic 2.2% vs H1 1.6%), with strong infrastructure momentum and growth in U.S. gas distribution; Americas grew 3.5% organically and is nearly a CHF 1 billion business.
Data Center Cooling Traction
Data center / liquid cooling sales tripled to ~CHF 30 million in 2025; pipeline includes 7 pilot projects, >30 proof‑of‑concepts and >20 advanced discussions; target to grow data center business to CHF 300 million over 5–6 years.
Run‑rate Synergies and Cost Program
Achieved CHF 29 million run‑rate synergies from Uponor integration in 2025 and launched Fit for Growth to remove CHF 40 million of costs in 2026 (majority to be secured by end of Q1).
Sustainability Milestones
Expanded products with social/environmental benefits to 77% of portfolio, reduced Scope 1 & 2 CO2e emissions by 51% vs 2019 baseline, increased carbon‑neutral sites to 12 and exceeded accident reduction targets.
Capacities and Investments
Opened a new 15,000 m2 facility in Shawnee, Oklahoma (doubling capacity) for U.S. natural gas sector; upgraded Seewis plant to world‑class production for ball valves and actuators.
Order Intake Trends
Order intake for I&I grew about 2% organically for the year; Building Flow Solutions order intake declined ~2.5% organically.
2026 Financial Guidance
Management expects low single‑digit organic sales growth for 2026 and a comparable EBITDA margin of 14%–16% (corresponding to ~10.5%–12.5% at EBIT), plus Flow Solutions free cash flow guidance CHF 175–200 million for 2026.
Shareholder Return
Proposed dividend of CHF 1.35 per share, maintained at prior year level (subject to shareholder approval).
Transformation to Pure‑play Flow Solutions
Completed divestment of Casting Solutions and Machining Solutions to become a pure‑play Flow Solutions company; acquisition of VAG and ongoing Uponor integration positioning GF as a one‑stop Flow Solutions provider across Buildings, Industry and Infrastructure.
Flow Solutions Sales and Organic Growth
Flow Solutions sales of CHF 3.0 billion in 2025 with 0.6% organic growth for the segment (core Flow Solutions 0.6% organically for the year; 1.2% organic in H2).
Profitability (Comparable Metrics)
Comparable EBIT margin for Flow Solutions was 10% (excluding items affecting comparability); comparable EBITDA margin for Flow Solutions was 13.4%.