The CPH Group’s extensive endeavours to offset the adverse impact of a strong Swiss franc paid off in all three of the Group’s business divisions in the first six months of 2016.
Total net first-half sales amounted to CHF 219.5 million ($222 million), a 10.1% increase on the prior-year period; and first-half EBITDA and EBIT were both raised by well over CHF 20 million ($20.2 million), to CHF 22 million ($22.2 million) and CHF 6 million ($6.1 million), respectively. CPH expects to report a positive operating result for 2016 as a whole.
“The CPH Group achieved an impressive 10.1% increase in its net sales for the first six months of this year,” says Peter Schildknecht, CEO of Chemie + Papier Holding AG, the group holding company. “And individually, our three business divisions of Chemistry, Paper and Packaging raised their net sales by between 7% and 17% and all gained further market share.”
The actions taken to further enhance efficiency were clearly reflected in the Group’s first-half operating results.
The net group result for the period rose an even higher CHF 26.1 million ($26.4 million), but remained negative at CHF – 2.6 million ($2.6 million) owing to restructuring costs.
CPH is an internationally active and diversified industrial group which is headquartered in Switzerland. The CPH Group develops, manufactures and distributes chemical products, wood-based paper and pharmaceutical packaging films.
