July 24, 2019 / 4:35 AM / a month ago

BRIEF-Bobst Group H1 Net Income Down At 7.4 Million Francs

July 24 (Reuters) - BOBST GROUP SA:

* H1 SALES DOWN 3% COMPARED TO H1 2018

* H1 OPERATING RESULT (EBIT) DECREASED TO CHF 14.8 MILLION FROM CHF 35.2 MILLION IN 2018.

* H1 NET RESULT WAS CHF 7.4 MILLION COMPARED WITH CHF 24.9 MILLION IN 2018.

* H1 ORDER ENTRIES DECREASED BY 15% AND BACKLOG BY 9% COMPARED TO PREVIOUS YEAR.

* GUIDANCE FOR 2019 OPERATING RESULT (EBIT) MARGIN REDUCED TO LOWER THAN 5% FROM 6-7%. Further company coverage: (Gdynia Newsroom)

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