Brief: Mobilezone FY EBIT At CHF 44 Mln

Mobilezone Holding AG

12/03/2021 05:48

March 12 (Reuters) - MOBILEZONE HOLDING AG  MOZN.S :
    * HAS ENDED YEAR 2020 WITH SALES AMOUNTING TO CHF 1.2
BILLION AND
A NET PROFIT OF CHF 34.5 MILLION
    * WITH FY EBIT OF CHF 44 MILLION, MOBILEZONE HAS SURPASSED
BOTH
EBIT GOAL OF CHF 38 TO 43 MILLION COMMUNICATED IN MAY AND
EXPECTATIONS
    * FY NET PROFIT WAS CHF 34.5 MILLION (PREVIOUS YEAR: CHF
44.4
MILLION)
    * AFTER ACTING AS CHAIRMAN OF BOARD OF DIRECTORS FOR 12
YEARS, URS
T FISCHER WILL NOT STAND FOR RE-ELECTION AGAIN AT NEXT GENERAL
MEETING ON 7 APRIL 2021
    * BOARD OF DIRECTORS WILL PROPOSE OLAF SWANTEE, AN EXPERT IN
EUROPEAN TELECOMMUNICATIONS INDUSTRY, TO GENERAL MEETING AS NEW
CHAIRMAN
    * A DIVIDEND OF CHF 0.56 PER REGISTERED SHARE WILL BE
PROPOSED TO
GENERAL MEETING ON 7 APRIL 2021
    * EBIT GOAL COMMUNICATED IN MAY FOR FISCAL YEAR 2021 AND
AMOUNTING
TO CHF 61 MILLION TO 66 MILLION WILL BE CONFIRMED
    * MOBILEZONE EXPECTS SALES IN RANGE OF CHF 950 MILLION WITH
AN
EBIT MARGIN OF APPROXIMATELY 7 PERCENT IN 2021

Further company coverage:  MOZN.S 

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