The CPH Group generated total net sales of CHF 264.1 million ($269 million) in the first six months of 2018, a 14% increase on the prior-year period. The net result for the period was raised CHF 24.9 million ($25.3 million) to CHF 22.6 million ($23 million), and first-half cash flow amounted to CHF 33.4 million ($34 million), as the company said in the press release received by Lesprom Network.
First-half EBITDA amounted to CHF 43.3 million ($44 million). All three business divisions posted substantially-improved earnings, and the group EBIT margin for the period rose to 10.5%. The Packaging Division achieved a new record operating result.
The CPH Group remains on a sound financial footing, with liquid funds of CHF 74.6 million ($76 million) and an equity ratio of 57%.
“With favourable market conditions, the high utilization of our production facilities and our stable fixed costs, we were able to achieve double-digit percentage sales growth and a disproportionately strong CHF 26.7 million ($27 million) improvement in our EBIT result to CHF 27.8 million ($28.3 million),” says Peter Schildknecht, CEO of parent company CPH Chemie + Papier Holding AG, of the CPH Group’s 2018 first-half results.
CPH is an internationally active and diversified industrial group which is headquartered in Switzerland. The CPH Group develops, manufactures and distributes chemical products, woodbased paper and pharmaceutical packaging films.
