- Net sales and net operating income (EBIT) at new record levels despite the strong Swiss Franc
In 2011, the EMS Group, globally active in the business areas Performance Polymers and Fine Chemicals / Engineering and with its companies combined in EMS-CHEMIE HOLDING AG, increased net sales by 3.9% and net operating income (EBIT) by 4.4% compared to the previous year. This means that net sales and net operating income (EBIT) reached new record levels.
- Net sales and net operating income (EBIT) at new record levels despite the strong Swiss Franc
In 2011, the EMS Group, globally active in the business areas Performance Polymers and Fine Chemicals / Engineering and with its companies combined in EMS-CHEMIE HOLDING AG, increased net sales by 3.9% and net operating income (EBIT) by 4.4% compared to the previous year. This means that net sales and net operating income (EBIT) reached new record levels.
In local currencies net sales increased by 15.5% and net operating income (EBIT) by 25.5% compared to the previous year. The unfavourable currency situation had a substantial burdening effect on growth of net sales and result in Swiss Francs. EMS generates 95% of its net sales outside of Switzerland.
Consolidated net sales amounted to CHF 1,658 million (1,596). A generally good economic environment as well as successfully realised new business with speciality products caused a significant increase in sales volumes. All sales regions showed double-digit growth rates for net sales (in local currencies) compared to the previous year. Significantly increasing raw material prices made repeated customer sales price increases inevitable.
Net operating income (EBIT) reached CHF 294 million (282). Operational cash flow (EBITDA) was CHF 346 million (335), 3.3% above the previous year. The resulting EBIT margin was 17.7% (17.6%), the EBITDA margin 20.9% (21.0%). In anticipation of an economic slowdown, EMS has been implementing efficiency programmes throughout the Group since the beginning of 2011. As a consequence, costs developed at a lower pace compared to net sales and sales volumes growth.
