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Ad-hoc release in compliance with stock exchange regulations
Flamatt, Switzerland – July 20, 2020
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Media Release (PDF)
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Comet Group increases sales and net income in the first half-year versus same period 2019
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Key figures first half-year 2020
- Sales increased by 3% to approximately CHF 182 million
- EBITDA margin in H1/2020 increased from 4.8% to around 10.3%
- Net income of roughly CHF 6.5 million, after a net loss of CHF –3.1 million in H1/2019
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Comet Group today announces the preliminary, unaudited key figures for the first half-year of 2020. Sales increased by 3% to approximately CHF 182 million compared to the previous year (H1/2019: CHF 177.0 million). While the semiconductor industry was basically unaffected by Covid-19, the X-ray market has suffered a decline in orders due to a lack of demand from the automotive, aerospace and security sectors.
In line with higher sales, the EBITDA margin increased to roughly 10.3%, compared to 4.8% in the same period of the previous year. A favorable product mix and the cost-cutting measures already initiated in the course of 2019 led to this increase. From the improved operating result, Comet Group achieved a net profit of around CHF 6.5 million, after a net loss of CHF –3.1 million in the same period last year.
The company will publish the detailed results for the first half-year of 2020 and an outlook for the remaining months of fiscal year 2020 on August 13, 2020.
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Company calendar
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August 13, 2020
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Publication of half-year results
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Comet Group
The Comet Group is a globally leading, innovative technology company based in Switzerland with a focus on plasma control and x-ray technology. With premium high-tech components and systems, we enable our customers to both enhance the quality of their products and make their manufacturing more efficient and eco-friendly. Our innovative solutions are in demand in the semiconductor and electronics market, the aerospace and automobile industry and in security inspection. Headquartered in Flamatt, Switzerland, the Comet Group has a presence in all world markets. We employ about 1,300 people worldwide, including approximately 500 in Switzerland. Besides production facilities in China, Denmark, Germany, Switzerland and the USA, we maintain various other subsidiaries in the USA, China, Japan and Korea. Comet (COTN) is listed on the SIX Swiss Exchange.
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