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Forecast 2020

The whole business year 2020 will remain impacted by the current economic slump. How quickly consumer demand will return to normal levels depends strongly on the respective epidemiologic and financial state measures. Depending on the shape these take, it is conceivable that sudden and selective periods of growth or slumps will occur and that these may be accompanied by currency shifts. The consumer and investment mood may be further negatively impacted and fluctuate.

EMS is continually monitoring development of the markets and is prepared to take further flexible and rapid actions. Thanks to innovative, high-margin speciality business, plentiful liquidity and a strong equity ratio, EMS considers itself in good shape to make independent and uncomplicated use of opportunities as they arise.

The successful strategy of speciality products in the main area of High Performance Polymers proves to be right also in times of crisis and will be continued. The global markets will be continually developed with new products and applications and additional business generated based on strong market positions. Innovative and customer-oriented development activities enable EMS to rapidly recognize market demands and to utilize them in a flexible way.

Based on the extraordinary market slump, EMS continues to expect net operating income (EBIT) for 2020 to be below previous year.