Brief: Schweizer Electronic Cuts FY Turnover And Profit Guidance

Schweizer Electronic AG

30/07/2019 16:27

July 30 (Reuters) - SCHWEIZER ELECTRONIC AG  SWEGn.DE :
    * PRELIMINARY RESULTS OF THE FIRST HALF YEAR 2019 AND
ADJUSTMENT
OF FORECAST FOR FISCAL YEAR 2019
    * TURNOVER WENT DOWN BY 5.7 PERCENT IN FIRST HALF YEAR
    * EBITDA MARGIN WITH 1.7 PERCENT BELOW EXPECTATION
    * TURNOVER AND PROFIT FORECAST FOR 2019 ADJUSTED DOWNWARDS
    * H1 EBITDA AMOUNTED TO 1.0 MILLION EURO (2018: 6.6 MILLION
EURO)
    * H1  EBIT AMOUNTED TO -2.3 MILLION EURO (2018: 2.8 MILLION
EURO)
    * OUTLOOK 2019: ANNUAL TURNOVER OF 120 TO 125 MILLION EURO
    * OUTLOOK 2019: GROWTH OF BETWEEN -4 AND 0 PERCENT
(PREVIOUSLY
FORECAST: -5 TO +5 PERCENT)
    * OUTLOOK 2019: EBITDA MARGIN OF BETWEEN 0 AND 4 PERCENT
(PREVIOUS
FORECAST: BETWEEN 4 AND 6 PERCENT)
    * OUTLOOK 2019: ABSOLUTE EBITDA OF 0 TO 4 MILLION EURO
(PREVIOUSLY
FORECAST: 5 TO 7 MILLION EURO)
    * SAYS PROJECT IN CHINA IS EXPECTED TO CONTRIBUTE A NEGATIVE
EBITDA OF 3.0 MILLION EURO IN FISCAL YEAR 2019

Source text for Eikon:  ID:nEQ42Nn82a 
Further company coverage:  SWEGn.DE 

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