Brief: Inficon Q3 Net Income At USD 7.9 Mln

Inficon Holding AG

21/10/2020 06:07

Oct 21 (Reuters) - INFICON HOLDING AG  IFCN.S :
    * INFICON WITH CHALLENGING THIRD QUARTER
    * Q3 SALES OF USD 92 MILLION REPRESENT A SLIGHT DECREASE OF
-1.3%
COMPARED WITH SAME QUARTER OF PREVIOUS YEAR AND -4.4% VERSUS
STRONG Q2 OF 2020
    * GUIDANCE FOR FISCAL 2020: EXPECTED SALES UNCHANGED AT USD
370-390 MILLION; OPERATING PROFIT MARGIN AT 15%-16%
    * ACHIEVED A GROSS PROFIT OF USD 41.4 MILLION IN Q3 OF 2020
COMPARED WITH USD 46.2 MILLION A YEAR AGO
    * Q3 OPERATING INCOME TO USD 10.5 MILLION, OPERATING MARGIN
TO
11.4%
    * Q3 NET INCOME WAS USD 7.9 MILLION COMPARED WITH USD 12.4
MILLION
IN SAME PERIOD LAST YEAR, REPRESENTING A MARGIN OF 8.6% COMPARED
WITH 13.3%

Source text for Eikon:  ID:nTENp6zeka 
Further company coverage:  IFCN.S 

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