ARBONIA

Unsatisfactory half-year results reported by AFG Arbonia-Forster-Holding AG

Improvements anticipated in the second half of the year

Arbon, 21 July 2014 – the revenue and income generated by AFG Arbonia-Forster-Holding AG fell short of expectations in the first half of 2014. While net revenue taking currency, divestment and acquisition adjustments into account declined marginally vis-à-vis the previous year by 0.4 % to CHF 447.0 million, the EBIT of the continuing operations fell to CHF 5.8 million (previous year: CHF 18.4 million). As a consequence of the unsatisfactory development in revenue and the margins in all divisions that were under severe pressure as well as the special expenses incurred in connection with both the ongoing and completed divestments and acquisitions, the first half-year of the continuing operations ended with a net loss of CHF -2.6 million (previous year: CHF 2.9 million). Due to the measures initiated an increase in revenue is anticipated for the second half-year. However, the 2014 EBIT from continuing operation is likely to fall short of the comparable, prior-year EBIT.

 

Contact
Rudolf Graf
Chairman of the Board of Directors and CEO a.i.
T +41 71 447 45 46
rudolf.graf@afg.ch 

Fabienne Rohner
Manager Corporate Communications
T +41 71 447 45 54
fabienne.rohner@afg.ch 

 

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