First-quarter report 2017 (January - March 2017) of the EMS Group
- Pleasing course of business with specialties
- Raw material shortages lead to price increases
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 2017, net sales increased by 5.8% compared to previous year to reach CHF 533 million (503).
As expected, overall economic development in the main markets China, Europe and NAFTA slowed compared to the last quarter. Growth of worldwide automotive manufacturing was halved down to 2.3%.
EMS was able to realize new business in all regions. With innovative products and new applications, it was possible to further expand business and strengthen market positions. Particularly pleasing net sales growth was achieved in Asia. Supply shortages are causing raw material prices to increase strongly and steadily and make customer sales price increases unavoidable.
For 2017, 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: