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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

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