Edition:
United States

Schaffner Holding AG (SAHN.S)

SAHN.S on Swiss Exchange

267.00CHF
12:31pm EDT
Change (% chg)

CHF1.00 (+0.38%)
Prev Close
CHF266.00
Open
CHF268.75
Day's High
CHF272.00
Day's Low
CHF267.00
Volume
1,552
Avg. Vol
882
52-wk High
CHF285.00
52-wk Low
CHF203.00

Latest Key Developments (Source: Significant Developments)

Schaffner Group expects higher EBIT in H1 2016/17
Wednesday, 22 Mar 2017 01:00am EDT 

Schaffner Holding AG :Said it anticipated for the first half of fiscal 2016/17 a substantial increase in the operating result (EBIT) and a stable sales trend compared with the same period last year.  Full Article

Schaffner Holding FY 2015/16 net profit down at CHF 0.4 mln
Tuesday, 6 Dec 2016 12:00am EST 

Schaffner Holding AG : Sales of Schaffner Group decreased by 8% in FY 2015/16 to 185.6 million Swiss francs ($184.42 million), from 201.8 million Swiss francs in 2014/15, the prior fiscal year (PY). . FY operating profit (EBIT) was 1.6 million Swiss francs (PY: 10.8 million Swiss francs), with an EBIT margin of 0.8% (PY: 5.4%) . In FY group earned net profit of 0.4 million Swiss francs(PY: 7.7 million francs) . AGM will propose to forgo payment of a dividend . The developments in the Schaffner Group's key markets, the geopolitical environment and the situation in currency markets remain demanding .For the medium term, Schaffner reaffirms its organic growth target of more than 5% per year for sales and an EBIT margin of 8%.  Full Article

Schaffner Holding H1 2015/16 net sales CHF 92.6 mln (Swiss GAAP FER)
Friday, 26 Aug 2016 12:00am EDT 

Schaffner Holding AG : Decided to convert consolidated financial statements from IFRS to Swiss GAAP FER (FER), retroactive effect as of oct 1, 2015 . Under Swiss GAAP FER, H1 2015/2016 net sales 92.6 million Swiss francs ($95.83 million), EBIT 1.7 million francs, net profit 0.5 million francs .For FY 2015/16, expects net sales of over 180 million francs; operating EBITA and net profit to be considerably below prior-year values.  Full Article

Schaffner Holding: CEO Alexander Hagemann leaves Schaffner
Friday, 15 Jul 2016 12:00am EDT 

Schaffner Holding AG : Alexander Hagemann, Chief Executive Officer (CEO), is leaving Schaffner .CFO Kurt Ledermann to serve as interim CEO.  Full Article

Schaffner targets >8 pct EBITA margin within 24 months
Wednesday, 8 Jun 2016 12:21am EDT 

Schaffner Holding AG : Targets >8 percent EBITA margin within 24 months .Greater emphasis on external growth from FY 2016/17 onwards.  Full Article

Schaffner Holding plans to discontinue production at Büren site
Wednesday, 1 Jun 2016 08:07am EDT 

Schaffner Holding AG : Plans to discontinue production at Büren site . Planned measure will affect around 55 employees in areas of production, warehouse and testing .Production of transformers and chokes is to be merged into schaffner group's current production sites in China, Hungary and USA.  Full Article

Schaffner H1 net sales down at CHF 92.6 mln
Thursday, 12 May 2016 12:00am EDT 

Schaffner Holding AG : H1 net sales fell by 9.7 pct to 92.6 million Swiss francs due to a sharp decline in sales in the Power Magnetics division (102.5 million francs year ago) . H1 net loss was at 0.3 million Swiss francs (profit 1.9 million Swiss francs year ago) .Both operating ebita and net profit for whole of fiscal 2015/16 are expected to be well below previous-year results.  Full Article

Schaffner Holding gives H1 2015/2016 guidance, comments on FY 2016/2017 outlook
Thursday, 10 Mar 2016 12:00am EST 

Schaffner Holding AG:Operating loss expected in the first half of the FY 2015/2016.Intends to achieve the EBITA margin target of 8 pct defined in the 2020 strategy within 24 months.Aim of achieving an improvement of around 5 million Swiss francs in operating profit (compared with FY 14/15) as early as the next fiscal year (FY 2016/2017).  Full Article

Schaffner Holding AG contests action by bankruptcy estate of Sputnik Engineering AG in liq.
Sunday, 31 Jan 2016 01:00pm EST 

Schaffner Holding AG:Was informed on Jan. 29, that bankruptcy estate of Sputnik Engineering AG in liquidation has filed action against Schaffner EMV AG in Commercial Court in Berne in connection with alleged product deficiencies.Amount claimed by Sputnik Engineering AG in liquidation is 2.9 million Swiss francs ($2.84 million) for the time being.Contests action filed by bankruptcy estate of Sputnik Engineering AG in liquidation and will respond in context of legal proceedings.  Full Article

Schaffner Holding AG to distribute CHF 6.50 per share for FY 2014/15
Monday, 7 Dec 2015 07:00pm EST 

Schaffner Holding AG:For FY 2014/15 Board of Directors will propose at Annual General Meeting on Jan. 12, 2016 to distribute CHF 6.50 per share (prior year: CHF 6.50).  Full Article

More From Around the Web

BRIEF-Schaffner Group expects higher EBIT in H1 2016/17

* Said it anticipated for the first half of fiscal 2016/17 a substantial increase in the operating result (EBIT) and a stable sales trend compared with the same period last year