Schaffner Holding Ag Announces Consolidated Earnings Results for the First Half 2019; Provides Earnings Guidance for the Second Half 2019
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%.