Daetwyler falls on FY earnings, dividend miss

Daetwyler Holding

09/02/2023 07:55

** Shares in Daetwyler  DAE.S  are seen down 2.8% in Julius
Baer premarket indications after the company posted FY results
and proposed dividend below expectations
    ** The Swiss electronic components supplier reported FY net
income down 28% and said it would propose a dividend of 3.2 CHF
per share
    ** Credit Suisse says net income was a miss of 16% and 7%
versus its estimates and consensus, respectively, and dividend
was well below the expected 4.2 CHF per share
    ** Vontobel says that results are below expectations with
cash flow decline and dividend cut by 24%
    ** "For 2023 Datwyler aims for improved results which is a
cautious statement and indicates that ambition is not yet to
return to the range of its mid-term targets, which are however
confirmed," it adds
 (Reporting by Amir Orusov)
 ((Amir.orusov@thomsonreuters.com))