Brief: Lem Holding H1 EBIT Decreased By 11% To CHF 31.8 Mln

Lem Holding SA

05/11/2019 06:19

Nov 5 (Reuters) - LEM HOLDING SA  LEHN.S :
    * H1 SALES DECREASED BY 5.9% TO CHF 159.1 MILLION (CHF 169.0
MILLION)
    * H1 NET PROFIT FOR PERIOD WAS DOWN BY 8.2% AT CHF 25.1
MILLION
(CHF 27.3 MILLION)
    * H1 EBIT DECREASED BY 10.7% TO CHF 31.8 MILLION (CHF 35.6
MILLION)
    * LONG-TERM OUTLOOK REMAINS CONFIDENT
    * FULL YEAR GUIDANCE FOR SALES AROUND CHF 310 MILLION
REFLECTS
DIFFICULT ECONOMIC OUTLOOK IN CERTAIN KEY MARKETS
    * ENVIRONMENT WILL CONTINUE TO IMPACT LEM'S TOP LINE SALES
PERFORMANCE FOR COMING MONTHS
    * WE EXPECT SECOND HALF OF 2019/20 TO BE IN LINE WITH OUR
SALES
PERFORMANCE IN SAME PERIOD OF LAST YEAR
    * FOR FULL FINANCIAL YEAR 2019/20, COMPANY EXPECTS SALES OF
AROUND
CHF 310 MILLION COMPARED WITH CHF 321.6 MILLION YEAR AGO
    * EXPECTS ITS EBIT MARGIN TO REMAIN CLOSE TO 20%

Source text for Eikon:  ID:nTENf94uaa 
Further company coverage:  LEHN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;;))