Annual Results 1998 for the EMS Group

With its companies combined within EMS-CHEMIE HOLDING AG, the EMS Group with its global operations reports an increase of net sales revenue by 3,7 % to SFr. 1'064 million for the 1998 financial year (previous year: SFr. 1'026 million). Growth in local currencies amounted to 7,2 %. Net operating income is reported at SFr. 189 million and is hence a slight improvement over the previous year's figure of SFr. 188 million.

In contrast to 1997, in which all securities were sold, no profits from securities were realised by EMS in 1998. The net financial income of SFr. 5 million is therefore significantly lower than for the previous year (SFr. 175 million). Net income after taxes totals SFr. 161 million, 46,5 % below the previous year's showing of SFr. 300 million.