On 11 September 2013 the Schaffer Group provided an update on its expectations for fiscal 2012/13 ending 30 September at the small- and mid-cap conference Investora Zurich. Second-half results in all divisions are expected to exceed those of the first six months, in terms of both sales and earnings. Full-year sales are expected to show an increase on the prior-year figure of CHF 176.9 million in the upper single-digit range. The operating margin (EBIT margin) is likely to be on a par with or slightly above that of the previous year (2011/12: 4.1%).
With the implementation of structural cost-reduction measures, a sustained high level of innovation and a strong presence in the Asia-Pacific region, Schaffner is well placed to achieve further structural growth and participate in the anticipated cyclical recovery in European markets in 2014.
