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Comet Holding AG

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Ad hoc news News vom 15.08.2014

Sales and earnings rise substantially in first half
 
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Media Release

Flamatt, Switzerland - August 15, 2014

 
Media release (PDF)
 

Sales and earnings rise substantially in first half

 
  • Sales growth of 25.0% from year-earlier period to CHF 132.6 million
  • EBITDA operating earnings up 9.6% to CHF 10.7 million
  • Strong CHF weights EBITDA margin down to 8.1%
  • Increase in net income of 64.9% to CHF 4.4 million
 

The COMET Group, as expected, remained on its growth trajectory in the first half of 2014, pushing up consolidated net sales by 25.0% to CHF 132.6 million (H1 2013: CHF 106.0 million).

Operating earnings at the EBITDA level rose to CHF 10.7 million (H1 2013: CHF 9.8 million), even with strategic investment in future growth (such as in ebeam, HF generators, and new YXLON products). Adverse exchange rate effects made a negative difference of CHF 1.8 million or 1.4% percentage points to the margin, leading to a lower EBITDA margin of 8.1% (H1 2013: 9.2%).

 

Net income, helped by lower tax expenses, expanded by 64.9% to CHF 4.4 million (H1 2013: CHF 2.7 million).

 

The 2014 half-year report of COMET HOLDING AG with the Group's consolidated results is published in time for the analyst and media conference on 21 August 2014 in Zurich (location: SIX Swiss Exchange, Convention Point, Selnaustrasse 30).

 

Thursday, August 21, 2014, from 3:30 p.m. to 4:30 p.m. CET. Ronald Fehlmann, CEO, and Markus Portmann, CFO, will provide information about the Group’s half-year results 2014 during a telephone conference call and answer questions. The dial-in conference call will be held in English. To participate in the conference call, please dial the following number (please call 10 to 15 minutes before the hour):

+41 (0)58 310 50 00 (Europe)

+44 (0)203 059 58 62 (UK)

+1 (1)631 570 5613 (USA)

 

Media Relations:

Ines Najorka

Vice President Corporate Communications

T +41 31 744 99 96

media.relations@comet.ch

 

Financial Calendar for the COMET Group:

August 21, 2014

Publication of half-year report 2014

October 29, 2014

Investor Day 2014

March 19, 2015

Publication of annual report 2014