Schaffner Holding AG announced consolidated earnings results for the first half 2019. For the first six months, the company announced net sales of CHF 101.4 million compared to CHF 108.3 million for the same period a year ago. EBIT was CHF 5.3 million compared to CHF 9.0 million for the same period a year ago. Net profit for the period was CHF 3.5 million compared to CHF 4.0 million for the same period a year ago. Earnings for the period per share was CHF 5.52 compared to CHF 6.24 for the same period a year ago.

Schaffner expects sales and earnings to increase slightly in the second half of fiscal 2018/19 compared to the first half of the year, assuming stable economic conditions and constant exchange rates, and is aiming for an EBIT margin of around 6% for fiscal 2018/19. The medium-term targets remain the same, with an organic sales growth rate of 5% taken as a multi-year average basis and an EBIT margin at 8%­10%.