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Forecast 2020

The current global market slump will have an impact on the whole business year 2020. The massive decline in business and available income throughout the world will further pressurize demand even after a return to normality. The rapid economic slump will lead to more cases of bankruptcy and higher unemployment. How and when the supportive state measures of industrial countries will have a positive effect on economic development remains uncertain. It is conceivable that sudden and selective periods of growth will occur, accompanied by inflation and currency shifts.

EMS is continually monitoring developments and, with corresponding preparation, will take rapid action. Thanks to innovative, high-margin specialty business, a strong free cash flow, plentiful liquidity and a high equity ratio, EMS considers itself in good shape to make rapid and flexible use of opportunities.

The successful strategy of global growth with specialty products in the main area of High Performance Polymers proves to be right even in times of crisis and will, therefore, be continued. Global markets will be explored for opportunities with new products and innovative applications, and additional business generated based on strong market positions. Innovative and customer-oriented development activities enable EMS to rapidly recognize market demands and utilize them in a flexible way.

Due to the extremely unfavorable global market environment, net operating income (EBIT) 2020 will close below previous year.