Brief: Starrag Group Holding reports 9-month sales of CHF 288 mln, down 1.0 pct

StarragTornos AG

04/11/2014 05:43

Nov 4 (Reuters) - Starrag Group Holding AG  STGN.S  
    * Says orders received during the first three quarters of 
2014 amounted to 269 million Swiss francs, 18.8 pct less than in 
the below the exceptionally strong prior year period 
    * Says 9-month higher operating profit (EBIT) of 13.0 
million Swiss francs(+1.6 pct y-o-y) resulted in operating 
margin of 4.5 percentage points (4.4 pct) 
    * Says 9-month net profit remained unchanged at 9.4 million 
Swiss francs, or 3.3 pct of sales (3.2 pct in the previous year 
period) 
    * Says 9-month sales revenues amounted to 288 million Swiss 
francs, 1.0 pct less than in the comparable period of last year 
    * Sees FY 2014 order intake to be lower than in the previous 
 year 
    * Sees FY 2014 sales as well as profit margins the same as 
in 2013 
 
Source text: http://bit.ly/10nmPSt 
Further company coverage:  STGN.S  
 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;)) 
 
Keywords: STARRAG GROUP/BRIEF