Switzerland's Metall Zug H1 sales rise on organic growth across business units
Switzerland's Metall Zug H1 sales rise on organic growth across business units
Overview
Switzerland industrial group's H1 net sales rose slightly, with 5.5% organic growth
Trading operating result returned to break-even, but group posted smaller net loss and negative EBIT
Medical Devices unit returned to profitability on cost cuts and higher slit lamp sales
Outlook
Company says heightened volatility and limited visibility make forecasts difficult for remainder of 2026
Metall Zug expresses confidence in medium- and long-term prospects of its Business Units
Result Drivers
SLIT LAMP SALES - Higher unit volumes in core slit lamp business drove growth in Medical Devices unit
COST BASE REDUCTION - Medical Devices unit returned to profitability due to structural changes and lower R&D expenses
CURRENCY EFFECTS - Negative currency effects, especially from a weaker US dollar, weighed on reported sales and competitiveness
Company press release: ID:nEQ2D2lSla
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Sales |
| CHF 95.60 mln |
|
H1 Net Loss |
| CHF 4.40 mln |
|
H1 EBIT |
| -CHF 3.70 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the appliances, tools & housewares peer group is "buy."
The stock recently traded at 155 times the next 12-month earnings vs. a P/E of 14 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)