May 18, 2020 / 5:09 AM / 18 days ago

BRIEF-Cicor Sees H1 Sales 15-20% Lower Than In H1 2019

May 18 (Reuters) - Cicor Technologies Ltd:

* CICOR UPDATES ITS OUTLOOK

* LOSSES IN SALES IN CICOR GROUP’S BUSINESS COULD NOT BE PREVENTED EVERYWHERE

* THEREFORE EXPECTS THAT SALES IN FIRST HALF-YEAR 2020 WILL BE 15 - 20% LOWER THAN IN FIRST HALF-YEAR 2019

* EXPECTS AN EBIT MARGIN OF AROUND 3% IN FIRST HALF-YEAR 2020

* LONG-TERM EBIT MARGIN TARGET REMAINS IN A RANGE OF 6 - 8%

* MID-TERM OUTLOOK FOR CICOR GROUP REMAINS POSITIVE Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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