Unaxis chief issues profit warning
Operating profit for Swiss technology concern Unaxis this year will be "somewhat lower" than the SFr180 million analysts had predicted, according to the chief executive, Willy Kissling. His statement comes one day after the purchase of Nimbus Technology and Engineering (NTE).
In an interview with the investor magazine, “Stocks”, Kissling said previous profit expectations were “somewhat inflated”.
In April, Unaxis announced that operating profits for 2001 would shrink below the SFr314 million recorded in 2000.
Kissling’s interview with “Stocks” was conducted before Unaxis announced it had bought NTE for an undisclosed sum. NTE is a leading provider of laser mastering technology to the data storage industry. The process is used for the production of CDs and DVDs.
NTE will be renamed Unaxis Nimbus and will be a wholly owned subsidiary within the Unaxis Data Storage Division.
Unaxis provides manufacturing equipment and services for the semiconductor, data storage and optical components industries.
swissinfo with agencies
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
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.