Definitive half-year report 2016 (January - June 2016) of the EMS Group
On July 15, 2016 the EMS Group published its provisional half-year report 2016. The definitive consolidated half-year report is now available based on the individual financial statements of the affiliated companies as at June 30, 2016. The definitive half-year report contains no significant deviations from the provisional report.
Consolidated net sales in Swiss Francs reached CHF 1'002 million (966) which represents a growth of 3.7% compared to previous year. In a moderately positive global economy, EMS was able to continually expand business with innovative specialty products. Pleasing growth was achieved in all customer markets.
Net operating income (EBIT) closed at CHF 265 million (226) which is 17.0% above previous year. The operational cash flow (EBITDA) rose to CHF 291 million (251) which is 15.6% above previous year. The EBIT margin reached 26.4% (23.4%) and the EBITDA margin 29.0% (26.0%). Strong growth with high-margin specialty products and simultaneous efficiency improvements had a positive effect on both result and result margin.
Net financial income amounted to CHF -5 million (-5).
Net income for the first half of 2016 was CHF 215 million (185) which is 16.1% above the previous year.
Equity increased to CHF 1'508 million (31.12.2015: CHF 1'312 million). The equity ratio is 71.2% (31.12.2015: 69.4%).