With its companies combined within EMS-CHEMIE HOLDING AG and operating worldwide in the fields of performance polymers, fine chemicals and engineering, the EMS Group was able to boost net sales by 2,3 % to CHF 945 (924) and net income after taxes by 12,2 % to CHF 229 (204) in an unchanged scope of consolidation, whereby operating income and financial income also improved (+ 10,4 % and + 12,8 % respectively). The yield per share rose by 17,3 % to CHF 381,85 (325.40) which is a proportionately high level.
With its companies combined within EMS-CHEMIE HOLDING AG and operating worldwide in the fields of performance polymers, fine chemicals and engineering, the EMS Group was able to boost net sales by 2,3 % to CHF 945 (924) and net income after taxes by 12,2 % to CHF 229 (204) in an unchanged scope of consolidation, whereby operating income and financial income also improved (+ 10,4 % and + 12,8 % respectively). The yield per share rose by 17,3 % to CHF 381,85 (325.40) which is a proportionately high level.
This repeat and better-than-expected improvement in results is due to the active efforts made to concentrate on high-yield products that have a strong market position, to an excellent cost discipline and to high standards applied in the management of cash assets.
Although EMS paid out CHF 956 million to shareholders between 1993 to 1996, shareholders' equity was unchanged compared to the prior year at CHF 951 million, corresponding to a high 67,2 % of the balance sheet total.
With a cash-flow margin of 28,3 %, a profit margin of 23,2 %, operating income of 16,1 % on turnover and return on equity of 24,1 %, the Group has reached record levels. The average return on equity over the last five years is 21,2 %.
The Group's earning capacity is strong and its financial health robust. It is well prepared for the challenges of the future.
