Brief: Siegfried Delivers Strong Sales Growth And Profitability In First Half 2023

Siegfried Holding AG

17/08/2023 05:11

Aug 17 (Reuters) - Siegfried Holding AG  SFZN.S :
    * SIEGFRIED DELIVERS STRONG SALES GROWTH AND PROFITABILITY
IN
FIRST HALF 2023
    * H1 NET SALES UP TO CHF 607.1 MILLION (PRIOR YEAR CHF 586.7
MILLION), AN INCREASE OF 6.8% IN LOCAL CURRENCIES
    * SIEGFRIED - H1 CORE EBITDA OF CHF 125.7 MILLION (PRIOR
YEAR CHF
130.2 MILLION) AT A MARGIN OF 20.7% (PRIOR YEAR 22.2%)
    * NOW EXPECTS A SALES GROWTH OF MID SINGLE-DIGIT PERCENTAGES
(IN
LC) AND A CORE EBITDA MARGIN ABOVE 20% FOR FULL YEAR 2023
    * SIEGFRIED - H1 CORE NET PROFIT OF CHF 58.9 MILLION (PRIOR
YEAR
CHF 65.2 MILLION)

Source text: https://tinyurl.com/4s692apd
Further company coverage:  SFZN.S 

 ((Reuters.Briefs@thomsonreuters.com;))