August 20, 2019 / 5:10 AM / 4 months ago

BRIEF-Huber+Suhner H1 EBIT Rose 7.8% To CHF 47.8 Mln

Aug 20 (Reuters) - Huber+Suhner AG:

* H1 ORDER INTAKE AT CHF 448.7 MILLION VERSUS CHF 516.8 MILLION YEAR AGO

* H1 NET SALES AT CHF 447.3 MILLION VERSUS CHF 474.0 MILLION YEAR AGO

* H1 EBIT ROSE 7.8 % YEAR ON YEAR TO CHF 47.8 MILLION

* H1 NET INCOME AT CHF 37.4 MILLION VERSUS CHF 31.6 MILLION YEAR AGO

* EXPECTS A RATHER RESTRAINED DEVELOPMENT IN THE SECOND HALF OF THE YEAR

* OUTLOOK 2019: SALES ARE CURRENTLY EXPECTED TO DECLINE BY A MID-SINGLE-DIGIT PERCENTAGE YEAR ON YEAR IN 2019

* CONFIRMS ITS GUIDANCE FOR EBIT MARGIN FOR ENTIRE FY IN UPPER HALF OF THE MEDIUM-TERM TARGET RANGE OF 8 – 10 % Source text - bit.ly/2TLgX2G Further company coverage: (Gdynia Newsroom)

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