Brief: Huber+Suhner H1 EBIT Rose 7.8% To CHF 47.8 Mln

Huber+suhner AG

20/08/2019 06:08

Aug 20 (Reuters) - Huber+Suhner AG  HUBN.S :
    * H1 ORDER INTAKE AT CHF 448.7 MILLION VERSUS CHF 516.8 MILLION YEAR AGO
    * H1 NET SALES AT CHF 447.3 MILLION VERSUS CHF 474.0 MILLION YEAR AGO
    * H1  EBIT ROSE 7.8 % YEAR ON YEAR TO CHF 47.8 MILLION
    * H1 NET INCOME AT CHF 37.4 MILLION VERSUS CHF 31.6 MILLION YEAR AGO
    * EXPECTS A RATHER RESTRAINED DEVELOPMENT IN THE SECOND HALF OF THE YEAR
    * OUTLOOK 2019: SALES ARE CURRENTLY EXPECTED TO DECLINE BY A MID-SINGLE-DIGIT PERCENTAGE
YEAR ON
YEAR IN 2019
    * CONFIRMS ITS GUIDANCE FOR EBIT MARGIN FOR ENTIRE FY IN UPPER HALF OF THE MEDIUM-TERM
TARGET
RANGE OF 8 – 10 %

Source text - https://bit.ly/2TLgX2G
Further company coverage:  HUBN.S 

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