August 19, 2019 / 4:56 AM / a month ago

BRIEF-Metall Zug AG Posted Gross Sales Of CHF 576.5 Mln In First Half Of 2019

Aug 19 (Reuters) - Metall Zug AG:

* POSTED GROSS SALES OF CHF 576.5 MILLION IN FIRST HALF OF 2019 - THIS CORRESPONDS TO AN INCREASE OF 4.0% COMPARED WITH FIRST HALF OF 2018

* HEINZ BUHOFER TO TEMPORARILY ASSUME MANAGEMENT OF HOUSEHOLD APPLIANCES BUSINESS UNIT, HAND OVER AS CHAIRMAN OF BOARD OF CO TO MARTIN WIPFLI

* AS OF MARCH 31, 2020, JÜRG WERNER WILL RELINQUISH HIS OPERATIONAL FUNCTION AS CEO OF METALL ZUG AG AND RETIRE

* OPERATING RESULT (EBIT) FOR FIRST HALF OF 2019 CAME TO CHF -1.6 MILLION (H1 2018: CHF 36.4 MILLION)

* IN FIRST HALF OF 2019 OPERATING RESULT (EBIT) WAS ADVERSELY AFFECTED BY PROVISIONS TOTALLING CHF 13.7 MILLION Source text for Eikon: Further company coverage:

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