Stein am Rhein/Kloten, 22 July 2010. The clear growth trend observed during the first quarter of 2010 continued throughout Q2, with sales and incoming orders rising by percentages well into double figures. Compared with the first half of 2009, gross sales went up by around 35% to total €254 million, and incoming orders even leapt by some 42% to €271 million.
Back in February 2010, Phoenix Mecano forecast net earnings of at least €20 million for the year as a whole. However, the results for the first six months of the year now indicate that the company may be capable of achieving net earnings of €35-40 million. The Group will probably slightly exceed its original full-year forecast of €20 million already with the half-yearly results.
This preliminary information is being published in accordance with the SIX Swiss Exchange guidelines on ad-hoc disclosures.
The company will issue its next report on the provisional half-yearly results on 12 August 2010 (originally 13 August 2010). The full half-yearly accounts will be published on 27 August 2010, as part of the Group’s scheduled reporting.
