The Cham Paper Group increased revenue by 2.1% to CHF 198.4 million ($201.7 million) in 2016, compared to CHF 194.3 million ($197.6 million) in 2015, achieving growth for the first time in five years, as the company said in the press release received by Lesprom Network.
2016 gross profit increased by 46%, from CHF 18.1 million ($18.4 million) to CHF 26.3 million ($26.7 million), and operating profit (EBIT) improved to CHF 10.5 million ($10.7 million).
The Group generated a net profit for the year of CHF 8.6 million ($8.7 million), compared to CHF 0.5 million ($0.5 million) in previous year.
The Cham Paper Group has returned to growth following a lengthy and challenging period of transformation for the paper division, achieving EBIT at the lower end of its target margin range for the first time. The paper division benefited from efficiency improvements in production and from a return to normal raw material prices in what was a slightly weaker market environment.
The Cham Paper Group is a leading manufacturer of coated speciality papers.
