Valora suffers decline in sales and profits
Valora's profit from continuing operations fell from CHF 21.1 million to CHF 18.1 million in the first half of 2009. Net sales fell by 3.7 percent to CHF 1.41 billion.
Valora's profit from continuing operations fell from CHF 21.1 million to CHF 18.1 million in the first half of 2009. Net sales fell by 3.7 percent to CHF 1.41 billion, as reported by SDA on Thursday. The operating result before interest and taxes (EBIT) also decreased and now amounts to 23 million francs. In the same period of the previous year, it was still 28 million francs. The net debt of the retail group, which operates kiosks in Switzerland among other things, rose by 6 million francs to just under 38 million francs.
In the second half of the year, the company intends to reduce costs by CHF 10 million. The target for 2010 is CHF 23 million. Valora also intends to cut store costs and make its purchasing more efficient. The company intends to communicate details of these measures during the second half of the year.
The Group is sticking to its target of achieving an EBIT of CHF 69 to 72 million in 2009. The annual result should be higher than in 2008 and net debt should be reduced.
In the second half of the year, the company intends to reduce costs by CHF 10 million. The target for 2010 is CHF 23 million. Valora also intends to cut store costs and make its purchasing more efficient. The company intends to communicate details of these measures during the second half of the year.
The Group is sticking to its target of achieving an EBIT of CHF 69 to 72 million in 2009. The annual result should be higher than in 2008 and net debt should be reduced.
