Annual Results 1999 of the EMS Group

Annual Results 1999 of the EMS Group


With its companies combined in EMS-CHEMIE HOLDING AG, the EMS Group with global activities in the fields of Performance Polymers, Fine Chemicals and Engineering reports an increase for the financial year 1999 of net sales revenues by 2,2 % to CHF 1'087 million (CHF 1,064 million), of operating income (EBIT) by 5,1% to CHF 199 million (CHF 189 million), and a boosting of net profit after taxes by 30,5 % to CHF 210 million (CHF 161 million).

Finance income improved rose from CHF 5 million to CHF 59 million primarily thanks to profits from securities.

Net sales revenues in local currencies increased by 1,1 %.

The circle of consolidation has changed. On the one hand the EMS-SYNTECH GmbH company was sold retroactively per 1 January 1999, on the other hand the two companies INVENTA-FISCHER GmbH, Berlin, and DINOL-PYRMO GmbH, Bad Pyrmont (both acquired in 1998), were fully consolidated for the first time as of 1 January 1999.

Net sales revenues would have dropped by 0,9 % in an identical scope of consolidation.