Brief: Starrag Group H1 order intake up at CHF 231 mln

StarragTornos AG

27/07/2016 05:43

July 27(Reuters) - Starrag Group Holding AG  STGN.S : 
    * H1 order intake plus 64 pct to 231 million Swiss francs  
($233.12 million) 
    * Order backlog for new machines amounted to 284 million 
Swiss francs at the end of June 2016. Compared to the end of 
2015, this corresponds to an increase of 20 pct  
    * Sales in the first six months of 2016 amounted to 183 
million Swiss francs, 0.8% above the prior year figure (182 
million francs) 
    * H1 operating profit (EBIT) came in at 3.4 million 
francs(prior year: 7.0 million francs) 
    * H1 net profit of 2.0 million francs was less than in the 
previous year (3.1 million francs) and orresponded to 1.1 
percent of top-line sales 
    * Expects full-year order intake in local currency to 
significantly exceed the figure reported for the 2015 fiscal 
year 
    * 2016 sales in local currency are expected to be slightly 
higher than in the previous year 
    *  
 
     
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 Further company coverage:  STGN.S   
    
 
 
 
($1 = 0.9909 Swiss francs) 
 
 (Gdynia Newsroom) 
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