Brief: Cicor Technologies H1 Net Profit Down At CHF 1.7 Million

Cicor Technologies

13/08/2020 06:19

Aug 13 (Reuters) - CICOR TECHNOLOGIES LTD  CICN.S :
    * 17.3 % DECLINE IN SALES TO CHF 109.0 MILLION IN FIRST
HALF-YEAR
2020 (1ST HALF-YEAR 2019: CHF 131.9 MILLION)
    * EBIT MARGIN FOR FIRST HALF-YEAR 2020 WAS 3.7 % AND THUS
ABOVE
MAY OUTLOOK.
    * ORDER BACKLOG AS AT 30 JUNE 2020 WAS CHF 125.0 MILLION
(JUNE 30,
2019: CHF 166.8 MILLION)
    * H1 ORDER INTAKE IN RELATION TO SALES RESULTS IN A
BOOK-TO-BILL
RATIO OF 0.85 (1ST HALF-YEAR 2019: 0.85)
    * EBIT FOR FIRST HALF-YEAR 2020 AMOUNTED TO CHF 4.1 MILLION
(1ST
HALF-YEAR 2019: CHF 7.0 MILLION)
    * H1 NET PROFIT OF GROUP IS NEVERTHELESS POSITIVE AT CHF 1.7
MILLION (1ST HALF-YEAR 2019: CHF 3.8 MILLION)
    * SALES FOR FULL YEAR 2020 WILL BE 15-20 % LOWER THAN IN
2019
    * SEES 2020 EBIT MARGIN OF 3-4 %
    * EXPECTS A RECOVERY OF BUSINESS FROM Q4 OF 2020 ONWARDS

Source text for Eikon:  ID:nTEN88hiva 
Further company coverage:  CICN.S 

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