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Phoenix Mecano to Miss FY26 Growth Targets

MT Newswires·12/11/2025 01:56:21
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01:56 AM EST, 12/11/2025 (MT Newswires) -- Phoenix Mecano (PMN.SW) said Thursday its growth targets for fiscal 2026 are "unlikely to be achievable." Citing external challenges and the streamlining of its portfolio, the Swiss technical components manufacturer said it will miss its 2026 annual growth target range of 6% to 10%. Meanwhile, the company affirmed its medium-term targets for EBIT margin in the 8% to 12% range and an over 15% return on capital employed by 2026.