Brief: Starrag H1 Net Income Down 21% At CHF 3.4 Mln

StarragTornos AG

24/07/2019 07:20

July 24 (Reuters) - Starrag Group Holding AG  STGN.S :
    * H1 SALES UP 12% TO CHF 214 MILLION
    * H1 ORDER INTAKE OF CHF 173 MILLION, DOWN 0.7%
YEAR-ON-YEAR, DOWN
21% COMPARED TO PRIOR-YEAR PERIOD
    * H1 NET INCOME 3.4 MILLION CHF, DOWN 21% 
    * "PROGRAMME 2021" FOR A SUSTAINED INCREASE IN PROFITABILITY
    * EXPECTS AN ORDER INTAKE FOR 2019 WELL BELOW THE PRIOR
YEAR’S
LEVEL (IN LOCAL CURRENCIES)
    * EBIT MARGIN AFTER RESTRUCTURING COSTS FOR 2019 IS EXPECTED
TO BE
SIGNIFICANTLY LOWER THAN IN THE PRIOR YEAR

    
 Source text - https://bit.ly/2Z3DqtH
    
 Further company coverage:  STGN.S  
   


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