Home / Knowledge / News / Textiles / EMS Group H1 sales increase 5.5%
EMS Group H1 sales increase 5.5%
15
Jul '13
In the first half of 2013, the EMS Group, with its companies combined in EMS-CHEMIE HOLDING AG and with global activities in the business areas High Performance Polymers and Specialty Chemicals, achieved an increase in net sales of 5.5% and in operating income (EBIT) of 9.3% compared to the previous year.

Consolidated net sales amounted to CHF 954 million (904) which is 5.5% higher than for the same period of the previous year. In local currencies growth in net sales would have been 5.7%, with the same scope of consolidation*) 2.8%.

In a volatile and heterogeneous market environment EMS was able to successfully further increase business in the main area of High Performance Polymers and in the main sales markets Asia and Europe. Especially positive development was shown by numerous new product applications for structural parts and the automotive business of the Business Unit EMS-EFTEC.

Net operating income (EBIT) rose to CHF 183 million (167), which is 9.3% above the previous year. Operational cash flow (EBITDA) increased to CHF 210 million (191) and by 9.7% compared to the previous year.

The EBIT margin reached 19.2% (18.5%), the EBITDA margin 22.0% (21.2%). Growth achieved with high-margin specialty products in the main area of High Performance Polymers had a positive effect on both result and result margin.

At the Annual General Meeting of the EMS-CHEMIE HOLDING AG, the current Members of the Board Dr Ulf Berg and Magdalena Martullo as well as Urs Fankhauser and Dr Joachim Streu as new members will be proposed for election.

Dr Hansjörg Frei and Dr Werner Prätorius are not standing for re-election for reasons of age. In addition, re-election of KPMG AG as Statutory Auditor and payment of a dividend of CHF 10.00 (7.00) per share will be requested.

EMS believes the heterogeneous development for the different markets will persist. Overall for 2013, EMS continues to expect net sales and net operating income (EBIT) to be slightly above those of the previous year.

EMS Group


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Lynda Kelly
Suominen Corporation

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

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

Akta Adani
India Boulevard

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

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


June 2018

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

news category


Related Categories:

Advanced Search