Brief: Komax FY Sales Down At CHF 415 Million, Plans Restructuring

Komax Holding AG

28/01/2020 06:04

Jan 28 (Reuters) - KOMAX HOLDING AG  KOMN.S :
    * FY SALES FELL BY AROUND 13% TO AROUND CHF 415 MILLION
(PREVIOUS
YEAR: CHF 479.7 MILLION)
    * FY EBIT MARGIN IS AROUND 5.5% (PREVIOUS YEAR: 14.0%)
    * TO REVIEW STRUCTURES AND, WHERE NECESSARY, TO MAKE
ORGANIZATIONAL AND PERSONNEL ADJUSTMENTS
    * PLANS TO START WITH SHORT-TIME WORKING FROM MARCH 1, 2020
    * INDIVIDUAL TERMINATIONS CANNOT BE RULED OUT
    * MEDIUM AND LONG-TERM GROWTH PROSPECTS REMAIN POSITIVE

Source text for Eikon:  ID:nTENz8jt9a 
Further company coverage:  KOMN.S 

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