Comet Group: Difficult market environment weighs on first-half results - Cost reduction measures executed - Strategic direction set
(WorldNews Europe)

In the first half of 2019, as expected, the Comet Group experienced a sharp cyclical reduction in revenue in the semiconductor market. Compared to the strong first half of 2018, the Group registered a decrease of 23.8% in consolidated net sales to CHF 177.0 million. The first restructuring measures in the X-Ray Systems and ebeam divisions, already initiated in 2018, had a positive impact, but were not able to counterbalance the effects of the revenue drop in the Plasma Control Technologies division. Management implemented a Group-wide, further package of measures to lower the cost base, while purposefully continuing the program of investment in projects of strategic significance for the...