Definitive half-year report 2017 (January - June 2017) of the EMS Group
On July 14, 2017 the EMS Group published its provisional half-year report 2017. The definitive consolidated half-year report is now available based on the individual financial statements of the affiliated companies as at June 30, 2017. The definitive half-year report contains no significant deviations from the provisional report.
Consolidated net sales in Swiss Francs reached CHF 1,066 million (1,002) which represents a growth of 6.3% compared to previous year. As expected, overall economic development in the main markets China, Europe and NAFTA slowed. EMS was able however, to expand its business with innovative speciality products in all regions and customer markets. Particularly pleasing growth was achieved in Asia.
Operating profit (EBIT) increased to CHF 280 million (265), 5.8% above previous year. The operational cash flow (EBITDA) rose by 5.3% to reach CHF 306 million (291). The EBIT margin reached 26.3% (26.4%), the EBITDA margin 28.7% (29.0%). New business with specialty products had a positive effect on result development. Continuing supply shortages are causing raw material prices to increase strongly, making customer sales price increases unavoidable.
Net financial income amounted to CHF -5 Mio. (-5).
Net profit for the first half of 2017 was CHF 229 million (215) which is 6.5% above the previous year.
Equity increased to CHF 1,663 million (31.12.2016: CHF 1,428 million). The equity ratio is 74.3% (31.12.2016: 71.9%).