Brief: Mikron Holding FY Net Profit Turns To Loss Of CHF 22.1 Million

Mikron Holding AG

10/03/2021 06:09

March 10 (Reuters) - MIKRON HOLDING AG  MIKN.S :
    * FY SALES DECLINED FROM CHF 327.6 MILLION TO CHF 257.8
MILLION
(-21.3%)
    * END-FY ORDER BACKLOG OF CHF 161.6 MILLION WAS ALREADY
HIGHER
THAN CORRESPONDING FIGURE AT END OF 2019
    * GROUP'S EBIT FOR 2020 AMOUNTS TO CHF -4.7 MILLION BEFORE
RESTRUCTURING COSTS AND TO CHF -20.8 MILLION AFTER RESTRUCTURING
COSTS (2019: CHF 14.1 MILLION)
    * MIKRON'S NET EARNINGS FOR 2020 WERE CHF -22.1 MILLION,
COMPARED
TO CHF 8.8 MILLION IN PRIOR YEA
    * EXPECTS A SLIGHT INCREASE IN SALES AND A RETURN TO
PROFITABILITY
IN 2021 FINANCIAL YEAR

Source text for Eikon:  ID:nTEN5wunea 
Further company coverage:  MIKN.S 

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