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Outlook 2021

For the business year 2021, EMS expects a recovery of the economy. The negative effect of COVID-19 on consumer spending and economic activities will not be as strong globally as in the previous year. The economic stimulus programmes and state support measures are encouraging demand and generating confidence and increasing purchasing power. Worldwide demand for goods will increase, in particular from Asia, although the exact course of economic recovery, however, will further depend on the pandemic and associated political interventions. Temporary instability in the global markets, delivery bottlenecks and price increases in supply chains are, therefore, to be expected. The current lack of semiconductors is having a damping effect, particularly in the automotive industry.

EMS has started well in the business year. The successful strategy of special products in the main area of High Performance Polymers will be continued. The high demand from customers worldwide for cost and CO2 reductions is being met by EMS with its many decades of experience in creating innovative specialty product solutions. Thanks to innovative, high-margin specialty business, further expansion of global market positions, high liquidity and a strong equity ratio, EMS considers itself in good shape to realise opportunities independently, quickly and flexibly. Raw material shortages causing higher prices will make sales price increases with customers inevitable.

For 2021, EMS is expecting higher net sales and a higher net operating income (EBIT) than in the previous year.