| Infranor corrects its forecast |
| 06.12.11 07:24 | |
|
During the first half of its year 2011/12 (as at 31 October), the Infranor Group, specializing in industrial automotion, posted a profit of 0.4 million CHF (0.7 million CHF at 31 October 2010). Infranor revises its expectations downward for the second half of the financial year. Reflection of the actual economic situation Consolidated sales rose in the entire of Infranor markets. However, order intake decreased, thus following the global business development in recent months, and the unfavorable course of the euro against Swiss franc, on the other. The forecast issued by the two divisions – Infranor and Cybelec – for the second half of the financial year is deferential. Outlook The forecast issued by the two divisions – Infranor and Cybelec – for the second half of the financial year is deferential. Throughout the 2011/12 financial year, ending 30 April 2012, Infranor expects sales of 46 million CHF (instead of the forecast of 54.0 million CHF) and a net profit after taxes of 1.1 million CHF instead of budgeted 2.5 million CHF and during previous financial year reached 1.9 million CHF). Infranor will publish its half-year report and its detailed half-year results on 13 December 2011. |
| < Prev | Next > |
|---|