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Phoenix Mecano AG (PM.S)

PM.S on Swiss Exchange

499.00CHF
22 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Phoenix Mecano 9-month net sales up at 430.5 mln euros
Wednesday, 26 Oct 2016 01:00am EDT 

Phoenix Mecano AG : Cumulative consolidated gross sales as at September 2016 rose by 3.2% from 421.0 million euros to 434.5 million euros ($473.00 million) . 9-month net sales totalled 430.5 million euros(previous year: 417.0 million euros) . 9-month result of period after taxes was 19.2 million euros, up 9.1% on previous year (17.6 million euros) . 9-month incoming orders rose by 0.6% from 430.0 million euros to 432.6 million euros, corresponding to a book-to-bill ratio of 99.6% .Management and board of directors of Phoenix Mecano group expect operating result for year as a whole to be at lower end of 34-40 million euros range indicated at start of year.  Full Article

Phoenix Mecano H1 gross sales up by 3.8 pct at 292.4 million euros
Tuesday, 16 Aug 2016 01:00am EDT 

Phoenix Mecano AG : H1 EBIT up 25.0 pct at 20.6 million euros ($23.07 million) . H1 consolidated gross sales up by 3.8 pct to 292.4 million euros . H1 net sales amounted to 289.7 million euros (previous year 279.0 million euros) . H1 net result after tax 13.7 million euros, up 35.1 pct from previous year (10.1 million euros) .For FY continues to expects operating income in the order of 34 million to 40 million euros.  Full Article

Phoenix Mecano acquires Ismet GmbH
Wednesday, 15 Jun 2016 01:00am EDT 

Phoenix Mecano AG : Strengthens ELCOM/EMS division with acquisition of Ismet GmbH . Acquisition is subject to official approval and is expected to take effect on 1 July 2016 . Ismet Group will remain as a company within Phoenix Mecano Group and as a brand name .Production relocations and a site closure will entail exceptional costs of approximately 1 million to 1.5 million euros, which will be charged to 2016 financial statements.  Full Article

Phoenix Mecano comments on FY 2016 outlook
Thursday, 18 Feb 2016 01:00am EST 

Phoenix Mecano AG:‍Anticipates an operating result for FY 2016 in region of 34-40 million euros​.FY 2016 EBIT estimate 39.98 million euros - Thomson Reuters I/B/E/S.  Full Article

Phoenix Mecano comments on FY 2015 and FY 2016 outlook
Monday, 30 Nov 2015 01:00am EST 

Phoenix Mecano AG:For FY 2015, group still aims to achieve an operating result before special costs at least equivalent to that of prior year.For FY 2016, board of directors expects measures adopted to lead to a significant improvement in group result and a break-even in EBIT for Elcom/EMS division.  Full Article

Phoenix Mecano AG issues FY 2015 outlook, comments on FY 2016 outlook
Friday, 30 Oct 2015 02:00am EDT 

Phoenix Mecano AG:Expects FY 2015 operating result to match or exceed that of previous year.Anticipates positive trend in 2016, particularly in terms of earnings.  Full Article

Phoenix Mecano acquires Wijdeven Inductive Solutions BV
Tuesday, 4 Aug 2015 01:00am EDT 

Phoenix Mecano AG:Consolidates Elcom/EMS division with acquisition of Wijdeven Inductive Solutions BV.Will acquire all shares in Netherlands-based Wijdeven Inductive Solutions BV with effect from Aug. 1.  Full Article

Phoenix Mecano to propose FY 2014 dividend
Wednesday, 22 Apr 2015 01:00am EDT 

Phoenix Mecano AG:Will propose to next shareholders' general meeting that a dividend of 15 Swiss francs be paid out, in line with previous year.  Full Article

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BRIEF-Phoenix Mecano 9-month net sales up at 430.5 mln euros

* Cumulative consolidated gross sales as at September 2016 rose by 3.2% from 421.0 million euros to 434.5 million euros ($473.00 million)