Brief: Schaffner Holding FY 2015/16 net profit down at CHF 0.4 mln

Schaffner Holding AG

06/12/2016 05:38

Dec 6(Reuters) - Schaffner Holding AG  SAHN.S : 
    * Sales of Schaffner Group decreased by 8% in FY 2015/16 to 
185.6 million Swiss francs ($184.42 million), from 201.8 million 
Swiss francs in 2014/15, the prior fiscal year (PY).  
    * FY operating profit (EBIT) was 1.6 million Swiss francs 
(PY: 10.8 million Swiss francs), with an EBIT margin of 0.8% 
(PY: 5.4%) 
    * In FY group earned net profit of 0.4 million Swiss 
francs(PY: 7.7 million francs) 
    * AGM will propose to forgo payment of a dividend 
    * The developments in the Schaffner Group's key markets, the 
geopolitical environment and the situation in currency markets 
remain demanding 
    * For the medium term, Schaffner reaffirms its organic 
growth target of more than 5% per year for sales and an EBIT 
margin of 8% 
 
     
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($1 = 1.0064 Swiss francs) 
 
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