The CPH Group generated total net sales of CHF 231.7 million ($240.3 million) in the first six months of 2017, a 5.5% improvement on the same period last year, and achieved a slightly positive first-half operating result. Earnings for its Chemistry and Packaging divisions showed encouraging trends, while the EBIT result for the Paper Division was depressed by higher recycled paper prices, as the company said in the press release received by Lesprom Network.
EBITDA for the period amounted to CHF 16.5 million ($17.1 million); first-half EBIT remained positive at CHF 1.1 million ($1.14 million); and with the absence of the extraordinary expenses of the prioryear period, the net result for the first six months improved slightly to CHF -2.2 million ($2.3 million).
“All our divisions increased their net sales in the first half of 2017, and the CPH Group raised its overall net sales by 5.5% to CHF 231.7 million ($240.3 million),” reports Peter Schildknecht, CEO of CPH Chemie + Papier Holding AG. “Our groupwide actions to enhance efficiency and lower costs were nullified mainly by higher raw materials prices,” Schildknecht continues.
The CPH Group is an internationally active and diversified group of industrial companies which is headquartered in Switzerland. It develops, manufactures and distributes chemical products, wood-based paper and pharmaceutical packaging films.
