Metall Zug: Lower net income and increase of EBIT

Zug, July 14, 2015 – In the first half of 2015, the Metall Zug Group generated net sales of just under CHF 418 million which are unchanged to the prior year period and operating income (EBIT) of slightly above CHF 30 million. However, net income dropped to slightly above CHF 10 million due to the considerably negative financial result.

 

Compared to the prior-year period the Metall Zug Group generated unchanged net sales of just under CHF 418 million in the first half of 2015. The operating income (EBIT) rose to slightly above CHF 30 million (previous year period: CHF 26.7 million). The better than expected environment in the relevant markets for the Business Units Household Appliances and Wire Processing as well as the international business contributed to this pleasing result on operating income level.

 

The financial result of CHF –13 million (previous year period: CHF 13.2 million) was mainly affected by currency losses and revaluations directly or indirectly related to the currency situation. Furthermore, financial income from securities contributed in a much higher amount to the financial result in the first half of 2014. For those reasons the Metall Zug Group achieved net income of slightly above CHF 10 million in the first half of 2015 (previous year period: CHF 31.9 million).

 

The complete and detailed half-year report containing information on the Business Units will be published on August 24, 2015.

 
 

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