OREANDA-NEWS. The weaker Euro continues to have a significant impact on the revenue and earnings development of Looser Holding AG headquartered in Arbon (Switzerland). In the first half of 2015, the Group generated net revenues of CHF 219.1 million, a decline by 10.2 percent from the prior year period and by 1.5 percent after currency adjustments. The operating result (EBITDA) of CHF 25.4 million fell markedly against the prior year (prior year: CHF 30.6 million). On the other hand, the EBITDA margin of 11.6 percent remained at the level recorded for the full financial year 2014.

The consolidated net income of CHF 5.9 million declined from the prior year figure (prior year: CHF 9.7 million). This was mainly due to currency losses and the revaluation of an interest rate swap as a result of the discontinuation of the minimum Euro exchange rate. At 41.2 percent, the equity ratio continues to be sound.

The full 2015 semi-annual report, including detailed information on Looser Holding’s business segments, will be published on August 20, 2015.

About Looser Holding AG

Looser Holding AG is an international industrial holding company headquartered in Arbon (Switzerland). The corporate group is active in the Coatings, Industrial Services, Temperature Control, and Doors sectors. Around 2,270 employees work for the group in 21 operational facilities in Europe, Asia and the U.S.A. Looser Holding AG’s registered shares are listed on the SIX Swiss Exchange (International Reporting Standard).