Brief: LEM HOLDING: FY EBIT Up At CHF 88.4 Mln

Lem Holding SA

24/05/2022 06:12

May 24 (Reuters) - LEM HOLDING SA  LEHN.S :
    * IMF REDUCED ITS ESTIMATES AND NOW FORECASTS GLOBAL GROWTH
TO
SLOW FROM  ESTIMATED 6.1 PERCENT IN 2021 TO 3.6 PERCENT IN 2022
AND 2023
    * FY OPERATING CASH FLOW WAS STABLE AT CHF 50.4 MILLION (CHF
50.9
MILLION)
    * FY EBIT INCREASED BY 45.1% TO CHF 88.4 MILLION (CHF 60.9
MILLION)
    * FY PROPOSED SPECIAL DIVIDEND TO MARK 50TH ANNIVERSARY OF
CHF 50
PER SHARE (CHF 42 FOR 2020/21)
    * FY EBIT MARGIN IMPROVED TO 23.7% (20.2%), ABOVE GUIDANCE
    * WE EXPECT OUR SALES IN FIRST SIX MONTHS OF 2022/23 TO BE
LOWER
THAN THOSE WE ACHIEVED IN FIRST SIX MONTHS OF 2021/22

Further company coverage:  LEHN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))