Implementation of strategy continues - expected earnings not yet realised
(WorldNews Switzerland)

Press release of theHOCHDORF Group: Annual results 2018 Hochdorf, 19 March 2019 - HOCHDORF generated a net sales revenue of CHF 561.0 million in 2018 (-6.6% compared to previous year (PY)). Earnings before interest and taxes (EBIT) amounted to CHF 18.6 million (-56.2% PY) with a net profit of CHF 8.7million. Although significantly below the record figures of the previous year, the sales and earnings figures are within those forecast by the company in December 2018. The main reasons for the disappointing results are the significantly lower performance of Pharmalys Laboratories SA, the lack of sales in China, delays in the new spray tower line and a worsening of the problems in the Dairy...