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Phoenix Mecano AG ( (CH:PMN) ) has shared an update.
Phoenix Mecano reported a slight decline in sales and profits in the first half of 2025, primarily due to a temporary standstill in global supply chains and a tariff conflict affecting the DewertOkin Technology Group. Despite these challenges, the Industrial Components division managed to slightly increase sales, while the Enclosure Systems division saw a minor decrease. The company remains optimistic about future prospects, expecting a normalization of business activities in the second half of the year, supported by its strategic focus on high-growth application areas and operational agility.
The most recent analyst rating on (CH:PMN) stock is a Hold with a CHF440.00 price target. To see the full list of analyst forecasts on Phoenix Mecano AG stock, see the CH:PMN Stock Forecast page.
More about Phoenix Mecano AG
Phoenix Mecano is a globally positioned technology company specializing in enclosure technology and industrial components. Headquartered in Stein am Rhein, the company employs around 7,000 people worldwide and focuses on niche products and system solutions for sectors such as mechanical and plant engineering, measurement and control technology, medical technology, aerospace, alternative energies, and the residential and care sector.
Average Trading Volume: 281
Current Market Cap: CHF435.8M
Find detailed analytics on PMN stock on TipRanks’ Stock Analysis page.