Brief: Lem Q1 Sales Down 28% To CHF 81.0 Mln

Lem Holding SA

26/07/2024 06:05

July 26 (Reuters) - LEM HOLDING SA  LEHN.S :
    * LEM WITH SIGNIFICANT SALES DECLINE IN Q1 2024/25 – FIRST
SIGNS
OF STABILIZATION IN CHINA
    * SALES DECLINED 27.9% TO CHF 81.0 MILLION (Q1 2023/24: CHF
112.3
MILLION)
    * Q1 EBIT DECREASED BY 71.4% TO CHF 7.5 MILLION (CHF 26.2
MILLION)
    * Q1 NET PROFIT FELL TO CHF 4.8 MILLION VERSUS CHF 20.5
MILLION IN
Q1 2023
    * EXPECTS BUSINESS IN Q2 2024/25 TO BE ON A SIMILAR LEVEL AS
IN Q1
2024/25
    * SALES SHOULD PICK UP DURING SECOND HALF OF FINANCIAL YEAR

Source text for Eikon:  ID:nEQbPmQP8a 
Further company coverage:  LEHN.S 

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