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With its companies combined in EMS-CHEMIE HOLDING AG and with global activities in the fields of Performance Polymers and Fine Chemicals / Engineering, the EMS Group reports net sales boosted by 9.1% and operating income up by 6.4%. This result corresponds to the expectations communicated at the beginning of the year.
With its companies combined in EMS-CHEMIE HOLDING AG and with global activities in the fields of Performance Polymers and Fine Chemicals / Engineering, the EMS Group reports net sales boosted by 9.1% and operating income up by 6.4%. This result corresponds to the expectations communicated at the beginning of the year.
Net sales in Swiss francs rose by 9.1% to CHF 1 253 million (1 149). The gain in local currencies amounted to 8.4%. The very satisfactory development of volumes in the Performance Polymers business area combined with higher sales prices had a positive effect on net sales revenues.
Operating income (EBIT) was boosted by 6.4% over the previous year to CHF 216 million (203), EBITDA by 3.9% to CHF 270 million (260). The consistent concentration on growth through speciality products resulted in a 10.3% rise in operating income (EBIT) in the Performance Polymers business area.
Financial income amounted to CHF 11 million (18).
Net income after taxes increased to CHF 182 million (180). Income per share is thus CHF 7.27 (6.96). EMS plans to distribute a dividend of CHF 5.-- per share for the 2005 business year.
EMS will continue with the current strategy of consistent concentration on operational growth through speciality products, with specific focus on Performance Polymers. Therefore, significant investment in production capacity expansion is planned for 2006.
EMS expects slightly higher net sales and operating income (EBIT) for 2006.