Annual results 2013 of the EMS Group
Positive development of net sales and result:
- Successfully realised new business
- Strong growth in Asia
- Payment of an extraordinary dividend
In 2013, the EMS Group, globally active in the business areas High Performance Polymers and Specialty Chemicals and with its companies combined in the EMS-CHEMIE HOLDING AG, increased net sales by 7.4% and net operating income (EBIT) by 15.4% compared to the previous year. These are again new record levels for net sales and net operating income (EBIT).
Consolidated net sales in Swiss Francs increased by 7.4% compared to the previous year to reach CHF 1,885 million (1,755), while the increase in local currencies was 8.7%. In the main business area High Performance Polymers, net sales rose by 10.2%. Planned new business was realised successfully and market positions strengthened worldwide. Growth was recorded for all geographical regions and particularly strongly in Asia (namely in China).
Net operating income (EBIT) rose to CHF 369 million (320) which is 15.4% above previous year. Operational cash flow (EBITDA) increased to CHF 424 million (374) and by 13.4% compared to the previous year. The EBIT margin reached 19.6% (18.2%), the EBITDA margin 22.5% (21.3%). Growth achieved with high-margin specialty products in the main area High Performance Polymers had a positive effect on both result and result margin.