CHF117.1 0.0 0.0%
Last Trade - 22/06/17
Market Cap | £n/a |
Enterprise Value | £n/a |
Revenue | £342.6m |
Position in Universe | th / 1046 |
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;))