Cembra Keeps Mid-Term Targets Unchanged after 5% Revenue Decline

• (PLX AI) - Cembra half year revenue CHF 235.9 million, down 5%.
• • Half year net income CHF 78.7 million
• • Cembra currently expects to deliver a resilient business performance, with revenues gradually recovering, mainly driven by anticipated higher volumes in credit cards
• • Cembra expects a solid loss performance for the full year 2021
• • Assuming a continued economic recovery in Switzerland, Cembra confirms its targets in the mid term: ROE > 15%, Tier 1 capital ratio of at least 17% and dividend pay-out ratio 60-70%