Comet Holding AG (COTN.SW) on Thursday reported a 94 percent surge in its profit for the first half of 2025, helped by a strong performance by its PCT division. The company, however, reduced its outlook for the year ahead, citing uncertainties in the semiconductor industry.
The company, which offers X-ray and radio frequency power technology solutions, posted net income of 7.86 million Swiss francs or 1.01 francs per share in the first half, higher than 4.06 million Swiss francs or 0.52 francs per share in the same period last year.
According to Comet Holding, pre-tax income surged to 6.58 million Swiss francs in the first six months from 4.37 million Swiss francs a year ago.
Half-yearly sales rose 20 percent to 227.15 million Swiss francs from 189.32 million Swiss francs recorded in the previous-year period.
The company's EBITDA for the half-year period surged 60 percent to 20.71 million Swiss francs from 12.98 million Swiss francs in the first half last year.
Comet Holding lowered its outlook for fiscal 2025, citing the impact of macroeconomic and geopolitical uncertainties on the semiconductor industry. The company now expects net sales between 460 million Swiss francs and 500 million Swiss francs from the earlier projected range of 480 million Swiss francs to 520 million Swiss francs. The EBITDA margin is now expected in the 10 percent to 14 percent range from the earlier 17 percent-20 percent.
The company also expects a slower sales growth in the second half of the year, compared to the first six months.
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