Brief: Schaffner Group Adjusts Expectations For Current Fiscal Year

Schaffner Holding AG

26/08/2019 05:04

Aug 26 (Reuters) - Schaffner Holding AG  SAHN.S :
    * SCHAFFNER GROUP ADJUSTS EXPECTATIONS FOR CURRENT FISCAL
YEAR
    * EXPECTS A SEQUENTIAL SALES DECLINE IN MID-SINGLE-DIGIT
PERCENTAGE RANGE IN H2 OF 2018/19 COMPARED TO H1 OF FISCAL
2018/19
    * EXPECTS AN EBIT MARGIN OF AROUND 5% FOR FULL FISCAL YEAR
2018/19
    * MID-TERM GOAL REMAINS AN ORGANIC SALES INCREASE OF AROUND
5% PER
ANNUM ON AVERAGE & EBIT MARGIN WITHIN TARGET RANGE OF 8 TO 10%.
    * ADJUSTS FY EXPECTATIONS DUE TO SIGNIFICANT SLOWDOWN IN
MOMENTUM
IN KEY SUBMARKETS, WEAK AUTOMOTIVE ECONOMY, CURRENT EXCHANGE
RATE SITUATION

Source text for Eikon:  ID:nTENr2a4va 
Further company coverage:  SAHN.S 

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