Brief: Daetwyler Holding Aims At Revenue Growth Of 2% To 5% In 2020

Daetwyler Holding

06/02/2020 06:42

Feb 6 (Reuters) - DAETWYLER HOLDING AG  DAE.S :
    * FY NET REVENUE FOR CONTINUING OPERATIONS INCREASED IN 2019
TO
CHF 1,088.5 MILLION, WHICH EQUATES TO GROWTH OF 5% WHEN ADJUSTED
FOR CURRENCY EFFECTS
    * INCLUDING THE DISTRIBUTION COMPANIES DISTRELEC AND NEDIS,
DATWYLER'S FY NET REVENUE IS VIRTUALLY UNCHANGED AT CHF 1,360.8
MILLION (PREVIOUS YEAR: CHF 1,361.6 MILLION)
    * FY ADJUSTED NET RESULT FOR CONTINUING OPERATIONS WAS CHF
129.7
MILLION (PREVIOUS YEAR: CHF 140.2 MILLION)
    * ANNUAL GENERAL MEETING WILL BE ASKED TO PAY AN UNCHANGED
CASH
DIVIDEND OF CHF 3.00 PER BEARER SHARE
    * IMMEDIATE CHALLENGES FACING THE MARKETS SERVED HAVE
INCREASED
DUE TO POLITICAL, ECONOMIC AND CURRENCY-RELATED UNCERTAINTIES,
WHICH MAKES IT DIFFICULT TO COME UP WITH THE FORECAST FOR 2020
    * FOR 2020, FOR CONTINUING OPERATIONS (INCLUDING REICHELT),
DATWYLER IS AIMING FOR REVENUE GROWTH OF 2% TO 5% AND AN EBIT
MARGIN OF MORE THAN 15% IN 2020

    
 Source text - https://bit.ly/2vPn0eE
    
 Further company coverage:  DAE.S  
   


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