Home / Knowledge / News / Textiles / H1 net operating income soars 16.6% at EMS Group
H1 net operating income soars 16.6% at EMS Group
18
Jul '16
Net operating income (EBIT) soared 16.6 per cent year on year to CHF 264 million for the first half of 2016, at EMS Group, which has specialty chemicals producer EMS-Chemie Holding AG in its fold.

In the six months to June 30, 2016, consolidated net sales grew much slower at 3.7 per cent from a year ago period to CHF 1,002 million.

Operational cash flow (EBITDA) rose to CHF 290 million in the reporting period as against CHF 251 million in the comparable period of 2015, up 15.2 per cent.

The EBIT margin reached 26.3 per cent in the period under review from 23.4 per cent and EBITDA margin touched 28.9 per cent compared to 26.0 per cent achieved in the first half of 2015.

“Strong growth with high-margin specialty products and simultaneous efficiency improvements had a positive effect on both result and result margin,” the company said.

Following the good results, the board of directors intends to further increase the dividend by CHF 1.50 per share as against initial announcement of CHF 13.50, which will take final dividend to CHF 15.00.

For full year 2016, EMS continues to expect slightly higher net sales and now, a net operating income (EBIT) above that of the previous year. (AR)

Fibre2fashion News Desk - India


Must ReadView All

IOC, MCPI to set up ₹1000 cr PSF unit in Odisha

Textiles | On 23rd May 2018

IOC, MCPI to set up ₹1000 cr PSF unit in Odisha

Indian Oil Corporation (IOC) has teamed up with Materials Chemicals...

Courtesy: Marks and Spencer

Apparel/Garments | On 23rd May 2018

M&S to close 14 Clothing & Home stores by 2019

Marks & Spencer (M&S), a leading British multi-national retailer,...

Garment products dominate across textile businesses: FESPA

Textiles | On 23rd May 2018

Garment products dominate across textile businesses: FESPA

Garment products dominate across all textile businesses, with sports...

Interviews View All

Top executives
Textile industry

It will take some time for the people to change their buying choices

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search