Brief: Tecan Says Expects Fy 2024 Sales To A Decrease In Mid Single-Digit Percentage Range

Tecan AG

13/08/2024 05:07

Aug 13 (Reuters) - Tecan Group AG  TECN.S :
    * TECAN REPORTS FINANCIAL RESULTS FOR THE FIRST HALF OF 2024
AND
REVISES ITS OUTLOOK FOR FULL YEAR 2024
    * FULL-YEAR OUTLOOK REVISED
    * TECAN GROUP - EXPECTS FY 2024 SALES IN LOCAL CURRENCIES TO
RANGE
FROM ON PRIOR-YEAR LEVEL TO A DECREASE IN MID SINGLE-DIGIT
PERCENTAGE RANGE
    * TECAN GROUP - ADJUSTED ITS PROFITABILITY OUTLOOK AND HAS
DEFINED
AND ALREADY IMPLEMENTED RIGOROUS COST MANAGEMENT AND COST-SAVING
MEASURES
    * CFOR FY  NOW EXPECTS AN ADJUSTED EBITDA MARGIN, EXCLUDING
ACQUISITION- AND INTEGRATION-RELATED COSTS, OF 18-20% OF SALES
    * EXPECTS AN FY ADJUSTED EBITDA MARGIN, EXCLUDING
ACQUISITION- AND
INTEGRATION-RELATED COSTS, OF 18-20% OF SALES
    * TECAN REITERATED ITS MID-TERM OUTLOOK
    * HY ADJUSTED EBITDA OF CHF 67.9 MILLION (H1 2023: CHF 101.2
MILLION)

Source text for Eikon:  ID:nGNE4hKv22 
Further company coverage:  TECN.S 

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