COMET Group: Sales and earnings rise substantially in first half
- Sales growth of 25.0% from year-earlier period to CHF 132.6 million
- EBITDA operating earnings up 9.6% to CHF 10.7 million
- Strong CHF weights EBITDA margin down to 8.1%
- Increase in net income of 64.9% to CHF 4.4 million
The COMET Group, as expected, remained on its growth trajectory in the first half of 2014, pushing up consolidated net sales by 25.0% to CHF 132.6 million (H1 2013: CHF 106.0 million).
Operating earnings at the EBITDA level rose to CHF 10.7 million (H1 2013: CHF 9.8 million), even with strategic investment in future growth (such as in ebeam, HF generators, and new YXLON products). Adverse exchange rate effects made a negative difference of CHF 1.8 million or 1.4% percentage points to the margin, leading to a lower EBITDA margin of 8.1% (H1 2013: 9.2%).
Net income, helped by lower tax expenses, expanded by 64.9% to CHF 4.4 million (H1 2013: CHF 2.7 million).
The 2014 half-year report of COMET HOLDING AG with the Group's consolidated results is published in time for the analyst and media conference on 21 August 2014 in Zurich (location: SIX Swiss Exchange, Convention Point, Selnaustrasse 30).
Thursday, August 21, 2014, from 3:30 p.m. to 4:30 p.m. CET. Ronald Fehlmann, CEO, and Markus Portmann, CFO, will provide information about the Group’s half-year results 2014 during a telephone conference call and answer questions. The dial-in conference call will be held in English. To participate in the conference call, please dial the following number (please call 10 to 15 minutes before the hour):
+41 (0)58 310 50 00 (Europe)
+44 (0)203 059 58 62 (UK)
+1 (1)631 570 5613 (USA)