Brief: Sensirion Holding AG Says It Ends Activities In Condition Monitoring Focusing On Methane Emission Monitoring As A Data-Based Service Business
09/04/2024 05:29
April 9 (Reuters) - Sensirion Holding AG SENSI.S :
* : SENSIRION ENDS ACTIVITIES IN CONDITION MONITORING;
FOCUSING ON
METHANE EMISSION MONITORING AS A DATA-BASED SERVICE BUSINESS
* SENSIRION HOLDING - IMPAIRMENTS (NON-CASH) OF AROUND CHF
25
MILLION, RESTRUCTURING COSTS AND PROVISIONS FOR CLOSURE OF SITE
OF CHF 3-5 MILLION IN 2024
* DECISION WILL LEAD TO A SLIGHT IMPROVEMENT IN OPERATING
CASH
FLOW FROM 2025 ONWARDS
* : WILL LEAD TO CLOSURE OF SENSIRION'S BERLIN SITE
* DECISION WILL ALSO HAVE NO SIGNIFICANT IMPACT ON
SENSIRION'S
MEDIUM- AND LONG-TERM GROWTH POTENTIAL
* SENSIRION HOLDING - COMPANY EXPECTS TO INCUR
RESTRUCTURING
COSTS AND PROVISIONS RELATED TO TERMINATION OF ACTIVITIES OF
AROUND CHF 3-5 MILLION IN 2024
* SENSIRION HOLDING: CO REGRETS LOSS OF JOBS THERE, BUT WILL
PROVIDE VERY WELL-TRAINED EMPLOYEES WHO ARE AFFECTED WITH BEST
POSSIBLE SUPPORT
* EXPECTS AN IMPROVEMENT IN OPERATING CASH FLOW IN LOW
SINGLE-DIGIT MILLION CHF RANGE FROM 2025 ONWARDS.
* : DECISION WILL ALSO HAVE NO SIGNIFICANT IMPACT ON
SENSIRION'S
MEDIUM- AND LONG-TERM GROWTH POTENTIAL
Source text for Eikon: ID:nEQ8CWZ0ba
Further company coverage: SENSI.S
((Reuters.Briefs@thomsonreuters.com;))