Brief: LEM HOLDING: H1 Sales Up At CHF 198.1 Mln

Lem Holding SA

08/11/2022 06:07

Nov 8 (Reuters) - LEM HOLDING SA  LEHN.S :
    * LEM ANNOUNCES RESULTS FOR H1 2022/23: RECORD SALES AND
EBIT
    * H1 NET PROFIT 35.2 MILLION CHF
    * H1 SALES 198.1 MILLION CHF
    * EBIT INCREASED BY 8.6% TO CHF 45.8 MILLION (CHF 42.1
MILLION);
EBIT MARGIN INCREASED TO 23.1% (22.9%)
    * H1 BOOKINGS DECREASED BY 10.0% TO CHF 270.1 MILLION (CHF
300.2
MILLION)
    * H1 SALES INCREASED BY 7.8% TO CHF 198.1 MILLION (CHF 183.7
MILLION); AT CONSTANT EXCHANGE RATES, SALES INCREASED BY 9.5%
    * NET PROFIT FOR PERIOD WAS FLAT AT CHF 35.2 MILLION (CHF
35.2
MILLION)
    * H1 OPERATING CASH FLOW INCREASED TO CHF 36.8 MILLION (CHF
11.9
MILLION)
    * FOR FULL FINANCIAL YEAR 2022/23, COMPANY CURRENTLY EXPECTS
SALES
IN RANGE OF CHF 390 - 400 MILLION (CHF 373.4 MILLION FOR
2021/22), WITH AN EBIT MARGIN ABOVE 20%
    * HOWEVER, THIS EXCLUDES POTENTIAL IMPACT OF SIGNIFICANT
LOCKDOWNS
IN CHINA

Source text for Eikon:  ID:nEQ2L6wBPa 
Further company coverage:  LEHN.S 
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