Brief: Bystronic AG Announces Increase Of Sales Guidance For 2021

Bystronic AG

28/06/2021 17:10

June 28 (Reuters) - Bystronic AG  BYS.S :
    * INCREASE OF SALES GUIDANCE FOR 2021
    * FOR FIRST HALF-YEAR, BYSTRONIC ANTICIPATES AN INCREASE IN
ORDER
INTAKE IN EXCESS OF 55% COMPARED TO FIRST HALF OF 2020
    * EXPECTS A LOW DOUBLE-DIGIT SALES GROWTH FOR ITS CONTINUING
OPERATIONS WITH AN EBIT MARGIN OF AROUND 8-9% IN 2021 FINANCIAL
YEAR
    * FOR FIRST HALF YEAR GROUP EXPECTS ABOUT CHF 430 MILLION IN
NET
SALES FOR ITS CONTINUING OPERATIONS, CORRESPONDING TO A SALES
GROWTH OF 15%
    * BYSTRONIC EXPECTS PROFITABILITY (EBIT MARGIN) FOR H1 TO
REMAIN
AT PREVIOUS YEAR'S LEVEL DUE TO EXPECTED ONE-TIME COSTS

Further company coverage:  BYS.S 

 ((Reuters.Briefs@thomsonreuters.com;))