Daetwyler: Seen down, H1 group sales below expectations

Daetwyler Holding

13/08/2019 07:52

** Shares in Swiss electronic components supplier Daetwyler
 DAE.S  are seen falling 2.8% in pre-mkt trade after H1 group
sales come in 2% below expectations
    ** Daetwyler reports H1 net revenue of CHF 706.3 mln
($727.32 mln), sees its EBIT margin at the lower half of its
target range, which is still 12%-15% for 2019  urn:newsml:reuters.com:*:nFWN258154  
    ** Baader Helvea says sales came in weaker than expected due
to a challenging market but that EBIT met expectations
    ** "Technical components division sales is weaker than even
expected," the brokerage adds  
    


($1 = 0.9711 Swiss francs)

 ((Oben.mumcuoglu@tr.com))