Brief: Tecan Group 2024 Outlook: 12-14% Decline In Sales In Local Currency

Tecan AG

16/10/2024 06:16

Oct 16 (Reuters) - TECAN GROUP AG  TECN.S :
    * TECAN PROVIDES UPDATE ON CURRENT TRADING AND REVISED
OUTLOOK FOR
FULL YEAR 2024
    * PROJECTS 12-14% DECLINE IN SALES IN LOCAL CURRENCY FOR
FULL YEAR
2024
    * IMPLEMENTS RIGOROUS COST-DOWN PROGRAM AMID LOWER SALES
VOLUMES
    * ANTICIPATES ADJUSTED EBITDA MARGIN OF 16-18% FOR 2024
    * POSITIVE MID-TERM OUTLOOK AHEAD OF UPCOMING CAPITAL
MARKETS DAY
    * SUBSTANTIAL REDUCTIONS IN OEM CUSTOMER FORECASTS IMPACTING
2024
OUTLOOK

Source text for Eikon:  ID:nGNE7w13FQ 
Further company coverage:  TECN.S 

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