Brief: Coltene Holding Says Outlook For Full-Year 2022 Remains Positive

COLTENE Holding AG

05/08/2022 05:07

Aug 5 (Reuters) - Coltene Holding AG  CLTN.S :
    * OUTLOOK FOR FULL-YEAR 2022 REMAINS POSITIVE
    * AFFIRMS FULL-YEAR OUTLOOK ANNOUNCED AT END OF JUNE;EXPECTS
SUPPLY CHAIN BOTTLENECKS TO BE EASED IN H2 2022
    * SEES H2 SALES AND PROFIT TO OUTPERFORM BOTH H1 2022 AND H2
2021
    * COLTENE EXPECTS FULL-YEAR 2022 SALES IN LINE WITH 2021
FIGURES
AND AN EBIT MARGIN TRENDING TOWARD MEDIUM-TERM TARGET OF 15%
    * OUTLOOK FOR FULL-YEAR 2022 REMAINS CLOUDED BY
UNCERTAINTIES ON
ACCOUNT OF CURRENT STATE OF GLOBAL ECONOMY
    * OPERATING PROFIT (EBIT) FOR H1 2022 WAS CHF 16.7 MILLION
(H1
2021: CHF 26.0 MILLION)
    * H1 SALES OF CHF 134.9 MILLION, COMPARED TO CHF 143.5
MILLION A
YEAR EARLIER
    * HALF YEARLY EBIT MARGIN WAS 12.4% (H1 2021: 18.1%)

Source text for Eikon:  ID:nEQ2WCm4Na 
Further company coverage:  CLTN.S 

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