Comet Holding slips as it trims FY outlook
16/11/2022 07:39
** Comet Holding's COTNE.S shares slide 3% in pre-market
trade as the Swiss technology group narrowed down its full-year
outlook
** The firm said it saw full-year net sales reaching the
lower end of its 580-610 million Swiss francs range ($615-646
million) and EBITDA margin coming in at the lower end of its
21-23% range
** The guidance reflects lower WFE (semiconductor wafer
fabrication equipment) demand, Credit Suisse says
** Comet Holding shares are down 41% year-to-date
($1 = 0.9438 Swiss francs)
(Reporting by Tristan Chabba)
((Tristan.chabba@thomsonreuters.com))