Brief: Lem Holding FY Bookings Normalized To Chf 243.3 Mln Vs Chf 465.2 Mln Last Yr

Lem Holding SA

28/05/2024 06:05

May 28 (Reuters) - LEM HOLDING SA  LEHN.S :
    * STARTING FROM PREVIOUS YEAR'S PEAK, BOOKINGS FURTHER
NORMALIZED
TO CHF 243.3 MILLION (CHF 465.2 MILLION); BOOK-TO-BILL RATIO WAS
0.60
    * FY OPERATING CASH FLOW AMOUNTED TO CHF 74.4 MILLION (CHF
87.0
MILLION)
    * BOARD OF DIRECTORS PROPOSES A DIVIDEND OF CHF 50 PER
SHARE,
REPRESENTING A PAYOUT RATIO OF 87.3%
    * LEM EXPECTS MARKET DEVELOPMENT TO BE MODERATE IN CURRENT
FINANCIAL YEAR
    * MAIN REASON FOR HEADWIND IS THAT IT WILL STILL TAKE TIME
FOR
CUSTOMERS TO REDUCE THEIR INVENTORIES
    * BASED ON FORECASTS FROM CUSTOMERS, LEM EXPECTS SITUATION
TO
IMPROVE DURING SECOND HALF OF 2024/25
    * OUTLOOK 2024/25: BASED ON FORECASTS FROM CUSTOMERS, LEM
EXPECTS
SITUATION TO IMPROVE DURING SECOND HALF OF 2024/25
    * FY NET PROFIT DECREASED FROM CHF 75.3 MILLION TO CHF 65.3
MILLION

Source text for Eikon:  ID:nEQ42vf93a 
Further company coverage:  LEHN.S 

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