EMS Group: Positive Course of Business
In the first half-year of 2012, the EMS Group with its companies combined in EMS Chemie Holding AG, Herrliberg, Switzerland,, achieved an increase in net sales of 4 % (in local currencies: +5.6 %) and a 6.9 % higher net operating income (EBIT) compared to the previous year.
Consolidated net sales amounted to CHF 904 million (870), which is 4 % higher than in the previous year. Net sales in local currencies increased by 5.6 %. Successfully realized new business and positive business developments in the USA and Asia more than compensated for the effect of the declining economy in Europe. EMS generates more than 95 % of its net sales outside of Switzerland and 43 % of its net sales outside of Europe.
Net operating income (EBIT) amounted to CHF 167 million (156) which is 6.9 % above the previous year. The EBITDA increased to CHF 191 million (182) and by 5.1 % compared to the prior year. The EBIT margin was 18.5 % (18 %), the EBITDA margin 21.2 % (20.9%).
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