The first half of 2023, the V-Zug Group achieved net sales of 298 million Swiss francs, down by 1.6% compared to the same period of the previous year (303.0 million). The operating result (EBIT) was 5.1 million francs (better than last year’s 4.3 million francs). In the first half of the year purchase prices remained at high levels. To counteract the market-related decline in volumes, further promotional measures and extensive cost-saving measures are being implemented.

Turnover on international markets increased overall by 13.0% to 60.8 million francs but lower sales volumes in Switzerland, especially new buildings and renovations, affected the turnover while the sales price increases, implemented gradually in the previous year and in February 2023, could compensate for the high purchase prices.