UPDATE 1-Georg Fischer 2008 profit plummets, no '09 outlook

Newswire

* Profit falls from 245 mln Sfr in 2007 * Hit by Q4 slump in demand * No 2009 outlook, confirms mid-term targets (Adds details) ZURICH, Feb 24 (Reuters) - Full-year net profit at Swiss car parts supplier and engineering group Georg Fischer dropped to 69 million Swiss francs ($59 million), hit by a slump in demand in the fourth quarter. Profit fell from 245 million francs the previous year and the group said on Tuesday it was unable to give any proper guidance for 2009 due to the ...

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