Brief: Schweizer Electronic H1 EBIT Down At EUR -9.5 Mln

Schweizer Electronic AG

28/07/2020 11:46

July 28 (Reuters) - SCHWEIZER ELECTRONIC AG  SWEGn.DE :
    * FORECAST FOR 2020 ADJUSTED DOWNWARDS
    * NOW EXPECTS 2020 EBITDA OF AROUND EUR -7 MILLION TO EUR
-11
MILLION
    * FY EXPECTED SALES DECLINE STILL IN LINE WITH RATHER
PESSIMISTIC
EXPECTATIONS
    * MANAGEMENT PLANS TO EXPAND THE COST-CUTTING MEASURES IN
MATERIAL
AND PERSONNEL COSTS AT THE SCHRAMBERG LOCATION, WHICH WERE
INTRODUCED IN 2019
    * H1 EBIT AMOUNTED TO EUR -9.5 MILLION ACCORDING TO
PRELIMINARY
FIGURES (2019: EUR -2.3 MILLION)

Source text for Eikon:  ID:nEQV0g2la 
Further company coverage:  SWEGn.DE 

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