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Comet Holding AG (COTNE.S)

COTNE.S on Swiss Exchange

83.00CHF
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Fri, Nov 2 2018

Chip sector slowdown hits Swiss tech group Comet

ZURICH Swiss tech group Comet Holding warned again on Friday it would miss its 2018 results guidance, saying it was facing a sharper decrease in orders from the semiconductor market than it had expected as recently as August.

Chip sector slowdown hits Swiss tech group Comet

ZURICH, Nov 2 Swiss tech group Comet Holding warned again on Friday it would miss its 2018 results guidance, saying it was facing a sharper decrease in orders from the semiconductor market than it had expected as recently as August.

BRIEF-Comet Holding Cuts FY 2018 Outlook

* GROUP EXPECTS RESULTS IN FISCAL YEAR 2018 TO COME IN BELOW MOST RECENT GUIDANCE ISSUED IN AUGUST

BRIEF-Comet Holding Reiterates 2018 Guidane

* 4.4% GROWTH IN H1 SALES FROM THE STRONG YEAR-EARLIER PERIOD TO CHF 232.4 MILLION (H1 2017: CHF 222.6 MILLION)

BRIEF-Comet Holding H1 Sales At CHF 231 Million

* H1 SLIGHT YEAR-ON-YEAR SALES GROWTH TO APPROX. CHF 231 MILLION (H1 2017: CHF 222.6 MILLION RESTATED)

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