Brief: V-Zug Group Says FY EBIT Margin Was 1.6% Vs 9.9%

V-ZUG Holding AG

15/03/2023 05:36

March 15 (Reuters) - V-Zug Holding Ag  VZUG.S :
    * V-ZUG GROUP WITH STABLE NET SALES AND LOWER RESULTS
    * FY SALES ROSE 0.8 PERCENT TO 636.3 MILLION CHF
    * FY EBIT MARGIN FELL TO 1.6 % (PREVIOUS YEAR: 9.9 %)
    * AT CHF 10.3 MILLION, 2022 OPERATING RESULT (EBIT) WAS
SIGNIFICANTLY (I. E. 83.6 %) LOWER THAN PREVIOUS YEAR (CHF 62.7
MILLION)
    * V-ZUG HOLDING -  2023 OUTLOOK: V-ZUG CONFIRMS ITS
MEDIUM-TERM
TARGETS OF ANNUAL AVERAGE ORGANIC SALES GROWTH OF 3 % AND AN
EBIT MARGIN OF 10-13 %

Source text for Eikon:  ID:nEQ4dbB7Ya 
Further company coverage:  VZUG.S 

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