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SFPI Group

Bloomberg   SFPI FP
Misc. Bldg & Construct Prod  /  France  Web Site   |   Investors Relation
Hands-on conglomerate with a locks forte
Pension matters

At the end of 2022, SFPI Group employed c. 4 000 staff, with about 60% in France, mainly in the DOM business (c. 40% of the total). Pension risks (largely retirement top-offs) are actually quite large as is frequently the case with industrial legacy businesses. A big chunk is derived from the German side of Dom (safety solutions). Pension deficits declined in 2022 as the actuarial impacts of higher rates contained obligations. The pension risks as a proportion of equity stand at 18% which is quite high for a small cap French operation.

  • Summary
  • Geo. Liabilities
  • Inputs
  • Funded Oblig.
  • Plan Assets
  • Unfund. Obligations
  • B/S Impact
  • P&L Impact
  • Corridors
Upside 141%
Price (€) 1.56
Market Cap (€M) 155
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Changes to Forecasts : 09/10/2023.