Schaffner Confirms Sales Growth for Fiscal 2012/13

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Full-year sales expected to increase in the upper single-digit range

Schaffner CEO Alexander Hagemann
Schaffner CEO Alexander Hagemann

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.

Posted on September 16, 2013 - (174 views)
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