Luterbach, 22 March 2019 – The Schaffner Group expects net sales for the current fiscal year to be below last year's level, due to the changed economic environment. Furthermore, the medium-term target range for the Group’s EBIT margin of 8 to 10% is unlikely to be achieved already in the current fiscal year. The adjustment is mainly due to lower sales in the Automotive division due to the present weakness of the global automotive market and the overall slowdown in economic growth in China. Schaffner will explain the current business development in detail when presenting the half-year results on 7 May 2019. Contact Marc Aeschlimann Chief Executive Officer T +41 32 681 66 01 marc.aeschlimannschaffner.com Financial calendar 7 May 2019 5 December 2019 14 January 2020 | Publication of half-year report 2018/19 Publication of annual report 2018/19 24th Annual General Meeting |
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