COMET Group: 2012 half-year figures in line with expectations; Full-year forecast confirmed
- Net sales CHF 104.1 million (HY1 2011: CHF 116.8 million)
- EBITDA margin 10.6% (HY1 2011: 13.3%)
- Net income of about CHF 2.7 million (HY1 2011: CHF 5.4 million)
- Full-year 2012: sales and EBITDA at previous-year level expected
The preliminary 2012 half-year figures of the COMET Group developed in line with the expectations announced in March 2012. In an economically challenging environment, consolidated net sales declined over the strong previous-year period by 11.3% to CHF 104.1 million. The EBITDA margin for the first half-year amounted to 10.6% (HY1 2011: 13.3%), while operating income (EBIT) declined from CHF 9.4 million to CHF 4.6 million.
Thanks to stable currency conditions and lower debt, COMET Group saw a significant improvement in net financing items (including taxes) in the first half-year from CHF -4.0 million to CHF -1.9 million.
Net income for the first half of 2012 amounted to about CHF 2.7 million (HY 1 2011: CHF 5.4 million).
The COMET Group confirms its forecast for full-year 2012: Assuming a stable currency environment and no major upheavals in the markets, the Group expects sales and EBITDA to be on a par with the previous year.
The full 2012 half-year results and half-year report will be published at the analysts' and media conference on August 23, 2012 in Zurich.