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Course of business

Course of business 2015

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 2015, sales volumes increased by 7.0% compared to previous year. Due to currency effects, net sales in Swiss Francs dropped 3.4% below the previous year's figure. In local currencies net sales increased by 3.7%. Strong growth with high margin specialty products and simultaneous efficiency improvements had a pleasing effect on result. Net operating income (EBIT) rose by 10.7% to reach CHF 469 million (423). Despite substantial negative currency effects net operating income (EBIT) reached a new record level.

Consolidated net sales in Swiss Francs closed at CHF 1,905 million (1,972) which is 3.4% below previous year. Significant currency effects, together with raw-material related sales price reductions, lowered net sales in Swiss Francs. Growth of net sales in local currencies was 3.7%. Sales volumes were increased by 7.0%. In a moderately growing economy, EMS expanded new business and successfully implemented a growth offensive in response to the decoupling of the Swiss Franc from the Euro.

Net operating income (EBIT) rose to CHF 469 million (423) which is 10.7% above previous year. Operating cash flow (EBITDA) increased by 9.7% to CHF 525 million (478). Above-average growth with high-margin specialty products and a global efficiency improvement programme, had a positive effect on both result and result margin. The EBIT margin reached 24.6% (21.5%), the EBITDA margin 27.5% (24.3%).