- Oops!Something went wrong.Please try again later.
Adval Tech Management AG / Key word(s): Half Year Results/Preliminary Results
Niederwangen, July 20, 2021, 7:00 a.m. - According to the provisional half-year figures, the Adval Tech Group's half-year results for 2021 will be significantly better than in the previous year. Compared with the first half of 2020, Adval Tech expects total income to increase by around 50% to some CHF 90 million and the EBIT margin to improve from 2.1% to 6.0 - 6.5%.
In the first half of 2021, the Adval Tech Group's business was still significantly impacted by the Corona pandemic - with lockdowns and other regulations imposed by national governments. However, the recovery in the automotive industry markets already noted in the second half of 2020 continued in the period under review.
Adval Tech will announce its detailed 2021 half-year figures and a full-year outlook on August 20, 2021.
Background information about the Adval Tech Group
Download media release
Except for the historical information contained herein, the statements in this media release are forward-looking statements that involve risks and uncertainties.
End of ad hoc announcement
Adval Tech Management AG
SIX Swiss Exchange
EQS News ID:
End of Announcement
EQS Group News Service