First-quarter report 2016 (January - March 2016) of the EMS Group

Successful start despite a slow world economy

Course of business January – March 2016

The EMS Group, with its companies combined in the EMS-CHEMIE HOLDING AG, is globally active in the business areas High Performance Polymers and Specialty Chemicals. In the first three months of 2016, net sales rose by 5.0% compared to previous year to reach CHF 503 million (479). Result (EBIT) also exceeded the previous year's figure.

As expected, the economy in the main markets China, Europe and NAFTA developed in a slightly positive way, while raw-material oriented countries such as Russia and Brazil suffered further setbacks. Worldwide car production showed growth of only 1% compared to previous year.

In a slow global economy, EMS was able to generate new business worldwide, realise new applications and successfully expand business with innovative speciality products. Sales prices in relation to raw material cost were slightly lower than in the same period of the previous year. Currency changes had only a minor effect.

For 2016, EMS continues to expect net sales and net operating income (EBIT) slightly above the previous year.

The complete first-quarter report can be downloaded via the following link: