Brief: Komax Expects Rise In Revenues And EBIT In Second Half Of 2020

Komax Holding AG

22/10/2020 18:37

Oct 22 (Reuters) - Komax Holding AG  KOMN.S :
    * 
    * BELIEVES IT WILL AT LEAST BREAK EVEN IN TERMS OF EBIT IN
SECOND
HALF OF 2020 (FIRST HALF OF 2020: CHF -4.7 MILLION)
    * EXPECTS REVENUES OF AT LEAST CHF 300 MILLION FOR 2020
FINANCIAL
YEAR AS A WHOLE (FIRST HALF OF 2020: CHF 145.2 MILLION)
    * PLANS TO CONTINUE REDUCING COSTS AND WILL CUT ADDITIONAL
POSITIONS
    * KOMAX HOLDING AG-PLANS TO CUT HEADCOUNT FOR WHOLE KOMAX
GROUP
FURTHER IN COMING MONTHS, AROUND 10% LOWER THAN AT END OF 2019
(2211 EMPLOYEES)
    * KOMAX HOLDING AG - ADJUSTING ITS STRUCTURES AT VARIOUS
GROUP
COMPANIES SINCE START OF YEAR, REDUCING HEADCOUNT AT KOMAX GROUP
BY AROUND 150 EMPLOYEES
    * KOMAX PLANS TO CUT AROUND 10% OF CURRENT WORKFORCE (660
EMPLOYEES) IN SWITZERLAND

Source text for Eikon:  ID:nTENq3g6ya 
Further company coverage:  KOMN.S 

 ((Reuters.Briefs@thomsonreuters.com;))