Metall Zug Group: Profitable growth in 2016

Zug, January 30, 2017 – The Metall Zug Group expects a disproportionately high rise in operating income for the 2016 financial year on the back of an increase in sales compared with the previous year.

 

In the 2016 financial year, the Metall Zug Group generated gross sales of just over CHF 950 million (2015: CHF 928 million). The Metall Zug Group anticipates an increase in operating income (EBIT) year on year to more than CHF 90 million (2015: CHF 81 million). The gain on disposal of the Ballwil site amounting to CHF 5 million is included under operating income. All three Business Units saw a rise in operating income, particularly Household Appliances. The financial result also improved compared with the prior year (2015: CHF -8.2 million).

 

Metall Zug AG will publish its complete results for the 2016 financial year together with the figures for the Business Units on March 23, 2017. The 2016 Annual Report containing the detailed financial report will also be available as of this date on the website www.metallzug.ch.

 

About Metall Zug Group

Metall Zug is an industrial group of companies headquartered in Zug. It comprises three Business Units and has a workforce of more than 4 000 employees. The Household Appliances Business Unit includes the Swiss market leader V-ZUG AG and its foreign subsidiaries, V-ZUG Kühltechnik AG, SIBIRGroup AG and Gehrig Group AG. The Infection Control Business Unit is represented by the Belimed Group, and the Schleuniger Group makes up the Wire Processing Business Unit. The holding company Metall Zug AG is listed in the Swiss Reporting Standard of SIX Swiss Exchange in Zurich (series B registered shares: securities number 3 982 108, ticker symbol METN).

 

Disclaimer

Please note that any expectations expressed in this press release are based on assumptions. Actual results may vary from those anticipated. This press release is published in German and English. The German version shall be binding.

 

Key dates

March 23, 2017           

Publication Annual Results 2016

May 5, 2017

Annual General Meeting Metall Zug AG

 

 

Further information

 

Daniel Keist

Christian Arnold

Chief Financial Officer

Head of Corporate Communications

Phone: + 41 58 768 10 20

Phone: + 41 58 768 10 20

 
 

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