For the EMS Group with its worldwide activities in the fields of Performance Polymers, Fine Chemicals and Engineering and companies combined within EMS-CHEMIE HOLDING AG, the development of sales and income slightly exceeded expectations over the first three months of 2002. Within an unchanged consolidation scope, consolidated net sales revenues increased by 0.7% (2.5% in local currencies) over the still dynamic first quarter of 2001 to CHF 305 million (CHF 303 million). Fears that the adverse course of business experienced in the fourth quarter 2001 would persist into the new year proved to be unfounded; in fact, a slight recovery has become apparent, and should continue through the months to come. The fact that the Swiss franc strengthened further against the previous year had a negative impact on sales revenues and income.
