HOCHDORF Holding Ltd: Integration of subsidiaries bigger challenge than expected - strategy update announced

HOCHDORF Group Press Release

Hochdorf (pta008/13.05.2019/07:00 UTC+2) The Board of Directors of HOCHDORF Holding Ltd, mostly renewed on 12 April 2019, has carried out an initial assessment of the situation together with the management. Among other things, they have identified that the challenges of integrating the subsidiaries acquired in recent years are bigger than expected. As a result of higher costs and depreciation - despite a currently satisfactory sales performance - the half-year result is therefore expected to be significantly below the previous year.

At the same time, the company is engaged in a constructive exchange with its most important stakeholders. The Board of Directors will sharpen the Group's strategy by the end of June and subsequently provide detailed information on its future plans and financial outlook.

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Emitter:	HOCHDORF Holding Ltd Siedereistrasse 9 6281 Hochdorf Switzerland
Contact Person:	Dr Christoph Hug
Phone:	+41 41 914 65 62
E-Mail:	christoph.hug@hochdorf.com
Website:	www.hochdorf.com/
ISIN(s):	CH0024666528 (Share)
Stock Exchange(s):	SIX Swiss Exchange