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LOHN - Looser Holding AG News Story

CHF117.1 0.0  0.0%

Last Trade - 22/06/17

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £342.6m
Position in Universe th / 1046

BRIEF-Looser Holding 9-month net income up 58 pct at CHF 10.1 million

Mon 31st October, 2016 6:17am
Oct 31 (Reuters) - Looser Holding AG  LOHN.S : 
    * Consolidated revenue declined by 0.7 percent to 328.4 
million Swiss francs ($332.46 million) (prior year: 330.7 
million francs) in first nine months of 2016 
    * 9-month operating result (EBITDA) was 37.8 million francs 
(prior year: 37.9 million francs) 
    * 9-month EBIT increased by about 13 percent to 18.7 million 
francs with an EBIT margin of 5.7 percent 
    * 9-month consolidated net income rose by 57.6 percent from 
relevant prior year date to 10.1 million francs (prior year: 6.4 
million francs) 
    * Again anticipates a significant revenue and earnings 
growth and an increase in EBITDA margin for full financial year 
2016 
    * Announced combination of Looser Holding with AFG 
Arbonia-Forster-Holding AG is progressing as planned 
    * Two companies will hold extraordinary general meetings on 
1 November 2016 (AFG) and 2 November 2016 (Looser Holding AG), 
respectively 
    * Implementation of purchase contract relating to 53.4 
percent of shares and public purchase and exchange offer for 
remaining shares are to be completed by mid-dec 2016 
 
Source text for Eikon:  ID:nTENt8q59a  
Further company coverage:  LOHN.S  
 
($1 = 0.9878 Swiss francs) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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