Significant result increase due to higher sales volumes and efficiency improvements
Significant result increase due to higher sales volumes and efficiency improvements
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%).