The company reported half year results (no quarterly reporting available). In the first half year, revenues increased 5% to CHF3.05bn (estimate +3.1%). EBIT improved 4.1% (estimate 5.9%) to CHF394m and the EBIT margin declined marginally from 13.6% to 13.5%. EBITDA also increased by 4.4% to CHF570m and the EBITDA margin declined from 13.6% to 13.5%. Net income improved 7% to CHF276m. Management confirmed guidance for the current year.
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Solid but unexciting
The company reported half year results (no quarterly reporting available). In the first half year, revenues increased 5% to CHF3.05bn (estimate +3.1%). EBIT improved 4.1% (estimate 5.9%) to CHF394m and the EBIT margin declined marginally from 13.6% to 13.5%. EBITDA also increased by 4.4% to CHF570m and the EBITDA margin declined from 13.6% to 13.5%. Net income improved 7% to CHF276m. Management confirmed guidance for the current year.