March 19, 2019 / 7:04 AM / a month ago

BRIEF-Schlatter Group FY EBIT Up At CHF 3.8 Mln

March 19 (Reuters) - Schlatter Industries AG:

* FY net sales grow by 10.2 percent to CHF 111.5 million (2017: CHF 101.1 million)

* FY order intake of CHF 114.2 million: 20.7 percent more than in the previous year (2017: CHF 94.6 million)

* As at 31.12.2018 the order backlog stood at CHF 45.2 million (31.12.2017: CHF 42.5 million)

* FY positive operating result (EBIT) of CHF 3.8 million for the reporting period (2017: CHF 2.5 million)

* FY consolidated net result of CHF 3.7 million (2017: CHF 2.9 million)

* For the current financial year the Board of Directors and Group Management are targeting group earnings above those of the previous year

* To recommend to the Annual General Meeting on May 14, 2019, that the company should not make a dividend payment for the 2018 financial year

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Further company coverage: (Gdynia Newsroom)

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