SWITZERLAND: Bon Appetit sees 16% drop in H1 net profit
Volketswil-based retailer Bon Appetit Group today [Tuesday] posted a 16% drop in first-half net profit to CHF14.3m (US$9.654m), compared to CHF17.1m year on year. The Swiss firm explained to Dow Jones that the drop was due to investments into information technology. Sales at the group were essentially flat year on year at CHF1.54bn, and the company stressed that it expects this trend to continue throughout the year, while EBIT slipped from CHF33.8m to CHF24.4m.
Volketswil-based retailer Bon Appetit Group today [Tuesday] posted a 16% drop in first-half net profit to CHF14.3m (US$9.654m), compared to CHF17.1m year on year.
The Swiss firm explained to Dow Jones that the drop was due to investments into information technology.
Sales at the group were essentially flat year on year at CHF1.54bn, and the company stressed that it expects this trend to continue throughout the year, while EBIT slipped from CHF33.8m to CHF24.4m.
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