The EMS Group, with its companies combined in EMS-CHEMIE HOLDING AG, is globally active in the business areas High Performance Polymers and Specialty Chemicals. In the first half of 2014, net sales increased by 4.8% and operating income (EBIT) by 17.5% compared to the previous year.
Consolidated net sales reached CHF 999 million (954) which is 4.8% higher than for the same period of the previous year. In local currencies, growth in net sales was 9.3%. In line with the expected favourable global economy, EMS was able to successfully expand business. Especially in the global automotive industry numerous new applications with high-performance polymers could be developed. Business Unit EMS-EFTEC strengthened its position by gaining further market share. Compared to the Euro (and the Swiss Franc) significantly weaker foreign currencies slowed the growth of net sales in Swiss Francs.
Net operating income (EBIT) rose to a high CHF 215 million (183) which is 17.5% above the previous year. Operational Cash Flow (EBITDA) increased by 15.2% to CHF 242 million (210). The EBIT margin reached 21.5% (19.2%), the EBITDA margin 24.2% (22.0%). Strong growth of high-margin speciality products and strict cost discipline had a positive effect on both result and result margin.
As of beginning of July 2014, EMS has taken over the remaining 2/3 shareholding of its Mexican partner in the joint venture Grupo Placosa EFTEC S.A. de C.V., Mexico, in order to further expand the already leading market position of EMS-EFTEC as global automotive supplier.