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Stratec HY Preliminary Constant-currency Sales Up 36.0%; Lifts FY Sales Outlook

Stratec expects to report consolidated sales of 155.8 million euros for the first half of 2021 compared to 119.4 million euros in the prior year. It represents constant-currency sales growth of 36.0%.

Adjusted EBIT for the first half of 2021 is expected to rise year-on-year by 87.0% to 34.4 million euros.

The company now expects to generate constant-currency sales growth of at least 12.0% in the 2021 financial year. Previously. It was expected "at least in a high single-digit percentage range".

The company still expects annual adjusted EBIT margin to be 17.5% to 18.5%.

The company will publish its full results for the first-half of 2021 on August 6, 2021.

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