Schaffner Holding AG Provides Earnings Guidance for the First Half of 2021
March 29, 2021 at 12:00 am EDT
Schaffner Holding AG provided earnings guidance for the first half of 2021. By focusing its product portfolio on higher-margin applications, higher capacity utilization and the full effects of the structural adjustments initiated in the previous year, Schaffner will be able to significantly improve profitability. The Schaffner Group expects sales for the first half of 2020/21 to be in line with the prior-year period and the EBIT margin to be around 7.5%.