Third-quarter report 2016 (January - September 2016) of the EMS Group
EMS Group: Positive course of business
The EMS Group, with its companies combined in the EMS-CHEMIE HOLDING AG, is globally active in the business areas High Performance Polymers and Specialty Chemicals. In the first 9 months of 2016, net sales rose by 3.7% compared to previous year to reach CHF 1,498 million (1,445). Sales volumes were increased by 6.0% and simultaneous efficiency improvements had a positive effect on the result (EBIT).
As expected, the global economy developed in a slow and unstable way in the third quarter. In Western Europe, the Brexit and a series of attacks dampened consumer confidence and customer purchasing behaviour became more cautious. While some uncertainty can be observed in the NAFTA region with regard to the upcoming presidential election in the USA, the Chinese and Indian markets continue to profit from positive consumer behaviour.
With an increase in sales volumes of +6.0%, EMS was able again to show over-proportional growth in the main markets. New business with specialty products was successfully achieved in all regions and customer markets.
For the whole year 2016, EMS continues to expect slightly higher net sales and net operating income (EBIT) above the previous year.