Comet Holding AG / Key word(s): Half Year Results
23-Jul-2021 / 06:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Ad hoc announcement pursuant to Art. 53 LR
Key figures first half-year 2021
Comet Group today announces the preliminary, unaudited financial performance for the first half-year of 2021. The company achieved a positive book-to-bill ratio, indicating a growing business. Sales increased sharply by 36.2% to CHF 248.3 million when compared to the first half of 2020 of CHF 182.3 million. The sales growth was driven by the continued surge in the semiconductor industry along with a steady recovery from the COVID-19 pandemic and industrial cycles in the aerospace and automotive industries.
The company’s EBITDA performance was significantly higher than in the same period of 2020. The Group achieved an EBITDA of CHF 44.3 million compared to CHF 18.8 million in the year-ago period, an increase of 136.0%. The corresponding EBITDA margin expanded to 17.8% from 10.3% one year earlier. The margin…