Navigation

Saia Burgess releases disappointing figures

The electrical parts firm, Saia Burgess, has reported half-year earnings of SFr11.6 million ($6.8 million) on sales of SFr241.5 million.

This content was published on August 7, 2001 - 10:44

The group's earnings were lower than for the same period last year. The company, based in Murten, said its performance had been affected by the economic slowdown in the United States and Europe.

It added that the sales increase of 23.9 per cent was primarily due to the contribution from the US-based electric motor group, Ledex and Dormeyer that it bought at the end of last year.

The figures, released on Tuesday, were a little lower than analysts' forecasts. Saia Burgess had warned in March that its earnings in the second quarter would be hit by the economic slowdown.

swissinfo with agencies

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Change your password

Do you really want to delete your profile?