CPH Group 1H 2015 net sales decreased by 18%, to CHF 199.3 million ($208 million)

Jul 23, 2015. /Lesprom Network/. All three business divisions of the CPH Group increased their sales volumes in the first half of 2015 over the same period last year, as the company said in the press release received by Lesprom Network. 

But with a weaker Euro and lower paper prices, net group sales for the period fell 18% to CHF 199.3 million ($208 million), and the first-half group EBIT of CHF -18.5 million ($19.3 million) was a CHF 27.8 million ($29 million) decline on the prior-year period.

On a brighter note, and despite a strong Swiss franc, the Chemistry and Packaging divisions achieved slight year-on-year improvements in their first-half EBIT results.

The 13% year-on-year fall in the value of the Euro against the Swiss franc had a tangible impact on the 2015 first-half results of the CPH Group, which generates some two-thirds of its revenues in the Eurozone.

“All our business divisions raised their sales volumes in the first six months of this year,” says Group CEO Peter Schildknecht. “And our Chemistry and Packaging divisions also improved their first-half earnings, despite having to contend with a highly overvalued Swiss franc.”

The Paper Division continued to pursue its efficiency enhancements; but these were still not sufficient to fully offset the impact of adverse currency movements and falling newsprint prices.

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.