Brief: Sensirion Holding Cuts Outlook For Financial Year 2019

Sensirion Holding AG

11/07/2019 05:37

July 11 (Reuters) - Sensirion Holding AG  SENSI.S :
    * EQS-ADHOC: SENSIRION HOLDING AG: REDUCED OUTLOOK FOR FINANCIAL YEAR 2019, MID-TERM GROWTH
PERSPECTIVES CONFIRMED
    * EXPECTS FOR FINANCIAL YEAR 2019 REVENUE OF CHF 160-170 MILLION (PREVIOUSLY CHF 175-190
MILLION)
    * SENSIRION ADJUSTS ITS OUTLOOK FOR FINANCIAL YEAR 2019 AS A RESULT OF CHALLENGING MARKET
CONDITIONS
    * EXPECTS ADJUSTED EBITDA MARGIN OF 9-12% (PREVIOUSLY 15-16%) AND UNCHANGED STRONG GROSS
MARGIN OF
52-54%
    * H1 REVENUE AT ABOUT CHF 83.5 MILLION (C. -7% YEAR-OVER-YEAR AND -1% COMPARED TO PREVIOUS
PERIOD)
    * SENSIRION HOLDING - EXPECT FY2019 REVENUE OF CHF 160-170 MILLION (PREVIOUSLY CHF 175-190
MILLION), ADJUSTED EBITDA MARGIN OF 9-12% (PREVIOUSLY 15-16%)

Source text for Eikon:  ID:nEQ4FRtXxa 
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