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

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search