Brief: LEM Holding Q4 2014/15 sales down 5 pct from Q3 to CHF 61.5 mln

Lem Holding SA

04/06/2015 05:58

June 4 (Reuters) - LEM Holding SA  LEHN.S : 
    * Q4 2014/15 versus Q3 2014/15: sales decreased by 5.0 
percent to 61.5 million Swiss francs ($66 million) 
    * Q4 EBIT margin was at 16.8 percent 
    * Q4 EBIT decreased by 28.0 percent to 10.3 million Swiss 
francs  
    * Q4 net profit for the period decreased by 14.3 percent to 
10.0 million Swiss francs  
    * The appreciation of the Swiss franc versus the euro 
negatively affected the results in Q4 of 2014/15 
    * Dividend proposal of 40 Swiss francs (stable versus prior 
year)   
    * Andrea Borla new CFO - Andrea Borla will join LEM as of 
Dec. 1, 2015 and will succeed Julius Renk who will leave company 
end of August 2015 
    * Says management expects growth of volumes (in number of 
transducers) in both segments. Current price pressure, however, 
as well as foreign exchange effects may adversely affect the 
company, leading to uncertainty regarding sales growth 
    * Expects the operating margin to be within 15 pct to 20 pct 
 
Source text for Eikon:  ID:nTENb2p5ma  
Further company coverage:  LEHN.S  
 
($1 = 0.9342 Swiss francs) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 39 20;))