Despite the cash drain in Q1, the cash level stood at quite a high watermark. What is a bit more worrying is the lower order intake (should be better in Q2). As expected, automotive and electronics remained quite cautious in placing new orders. Contrary to the stumbling industries, Swisslog’s lower order income was unexpected. The figures were barely better than expected. Management explained the reported declines by limited access to customers’ production sites. Some car manufact
27 Apr 2020
Good seasonal cash level
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Good seasonal cash level
- Published:
27 Apr 2020 -
Author:
Martin Schnee -
Pages:
3
Despite the cash drain in Q1, the cash level stood at quite a high watermark. What is a bit more worrying is the lower order intake (should be better in Q2). As expected, automotive and electronics remained quite cautious in placing new orders. Contrary to the stumbling industries, Swisslog’s lower order income was unexpected. The figures were barely better than expected. Management explained the reported declines by limited access to customers’ production sites. Some car manufact