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For 2026 as a whole, EMS expects a continuing challenging geopolitical environment. Ongoing new policy announcements and unclear trade conditions are unsettling businesses and consumers. A slight increase in consumer confidence in the USA is being challenged by generally high price level. In Europe, industry continues to undergo prolonged restructuring. Announced support measures have not yet taken effect. In China, the high-tech sector will grow further. Exports will continue their growth path. Due to the continuing weakness in the real estate market, Chinese consumers remain restrained. Given the unstable geopolitical situation, the Swiss franc may continue to face short-term appreciation pressure.
Despite a continuing unstable world economic environment, EMS successfully increases sales volumes through innovation, cost discipline and forward-looking planning. In the challenging global market environment, EMS is consistently focusing on growth with unique new developments. The globally rolled-out sales offensive and focused expansion of the technical sales and development organization are now showing encouraging results. The intensive local development partnerships - particularly in growing markets such as China, India and Brazil - serve as important pillars for EMS in realizing further cost improvements, energy savings and weight reductions together with customers. Close, globally supported development cooperation, combined with decades of experience, enables EMS to respond quickly and flexibly to customer needs at an early stage and to open up new application fields.
Through new developments, EMS is also successfully exploring numerous future growth areas, such as electric cars, robotics and data centers. Working in cooperation with technology leaders, EMS specialists are developing high-performance solutions for components that are exceptionally lightweight, robust and dimensionally stable. In automotive construction, EMS offers car manufacturers groundbreaking coating technologies that cure even at lower temperatures providing significant energy and weight savings for car manufacturers.
EMS continues its sales offensive and the successful growth strategy with specialties. The distinct innovation strategy, which provides customers with total cost, energy, weight and CO2 savings and enables technologically leading solutions, is based on local development partnerships and established global supply capability. EMS considers itself in a good position to take advantage of the numerous opportunities available - in particular those resulting from higher energy costs - through metal replacement and energy-saving solutions, thereby generating disproportionate growth. EMS is countering the additional energy-driven costs in its own supply chain with corresponding sales price increases.
For 2026, EMS is slightly raising its net sales forecast. For the full year 2026, EMS now expects net sales slightly below previous year due to currency effects. Operating income (EBIT) is expected unchanged, slightly above previous year.