Brief: SFS H1 EBIT Down At CHF 71.0 Mln

SFS AG

21/07/2020 06:36

July 21 - SFS GROUP AG  SFSN.S :
    * COVID-19 PANDEMIC CLEARLY HAD NEGATIVE EFFECT ON COURSE OF
BUSINESS IN SECOND QUARTER
    * H1 GROSS SALES AMOUNTED TO CHF 773.7 MILLION, DECLINE OF
–10.8%
COMPARED TO PRIOR-YEAR PERIOD
    * H1 EBIT DOWN AT CHF 71.0 MILLION, WHICH CORRESPONDS TO
EBIT
MARGIN OF 9.2% (PRIOR-YEAR PERIOD, ADJUSTED: 12.6%)
    * H1 NET INCOME DOWN AT CHF 53.9 MLN
    * DUE TO UNCLEAR FURTHER COURSE OF THE COVID-19 PANDEMIC AND
STILL
VOLATILE POLITICAL AND ECONOMIC ENVIRONMENT, IT IS DIFFICULT TO
ASSESS FURTHER BUSINESS DEVELOPMENT
    * EXPECTS SLIGHTLY HIGHER SALES IN SECOND HALF OF YEAR, WITH
ABOUT COMPARABLE EBIT MARGIN FOR FIRST HALF OF 2020

    
 Source text: https://bit.ly/39e1Tm1
    
 Further company coverage:  SFSN.S  
   


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