Comet Group: Sales growth in first half of year - One-time write-down lowers net income
(WorldNews Europe)

In the first six months of 2018 the Comet Group achieved sales growth of 4.4% to CHF 232.4 million compared to the record year-earlier level (H1 2017: CHF 222.6 million). The largest contribution came from the business with high-end radio frequency (RF) power solutions for the semiconductor market and with x-ray modules for non-destructive testing. The EBITDA margin decreased to 12.7% (H1 2017: 15.2%). This was primarily because of a disappointing business performance in X-Ray Systems and in custom large ebeam systems in the USA. The Comet Group initiated corrective action in response. It is divesting the manufacturer of large ebeam systems in Davenport, Iowa, and implementing a...