Komax seen up as it expects H2 revenues to rise

Komax Holding AG

08/07/2021 07:41

** Shares in Komax  KOMN.S  are seen rising 5.6% after the
Swiss machinery maker for wire processing said it expects a
significant rise in revenues for the second half on high order
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    ** Komax said its order intake increased to 230.7 million
Swiss francs in H1 2021, up 60/4% y/y and 11.6% compared to H1
2019
    ** It is now targeting 2021 revenues in the region of the
2019 level, 417.8 million Swiss francs
    ** Credit Suisse says the guidance compares to street
expectations of 372 million Swiss francs

 (Reporting by Anna Pruchnicka)
 ((a.pruchnicka@tr.com))