Technology ”The Kudelski technology group announced half-year results well below expectations. Plagued by the Covid-19 pandemic, the Vaud company has deepened its losses and has massively resorted to partial unemployment. At the end of June, the number of full-time equivalents was 489 fewer than six months earlier, a reduction of 14%.
Kudelski reported first-half sales down 20.1% year-on-year to $ 320.1 million (CHF 292.8 million). The net loss widened to $ 27.1 million from $ 20.4 million in the same period last year, details an interim report released Thursday.
Lead results
These results are well below the forecasts of the AWP consensus. Analysts had in fact forecast a turnover of around 384.3 million dollars and a net profit of 0.9 million. For the managing director, André Kudelski, it is
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