Georg Fischer swings to profit, sees slow 2005

ZURICH, March 1 (Reuters) - Georg Fischer swung to a net profit of 94 million Swiss francs ($80.96 million) in 2004 from a loss of 147 million a year earlier as a restructuring programme took hold, the Swiss engineering firm said on Tuesday.

"As things stand, the market environment will not change significantly in 2005," Fischer said in a statement.

"Our growth will therefore continue, though at a slower pace. The full impact of the restructuring programme won earnings ...