Gildemeister 2Q After-Tax Loss EUR4.3M, Improved Sales Outlook
First Published Thursday, 29 July 2010 07:19 am - © 2010 Dow Jones
FRANKFURT -(Dow Jones)- German cutting tools maker Gildemeister AG (GIL.XE) said Thursday it swung to a second-quarter after-tax loss of EUR4.3 million from a profit of EUR3.2 million a year earlier, but the company slightly increased its sales outlook for the year.
MAIN FACTS:
- Gildemeister raised its 2010 revenue outlook to over EUR1.25 billion, from around EUR1.2 billion previously.
- Second-quarter sales were EUR284.5 million, nearly unchanged from EUR285 million a year earlier.
- Earnings before interest and tax amounted to EUR1.8 million in the second quarter.
- Second-quarter incoming orders were EUR349.2 million, above EUR344 million a year ago.
- Incoming orders for the full year are likely to be around EUR1.3 billion, above an earlier forecast of EUR1.2 billion.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
