With its companies combined in EMS-CHEMIE HOLDING AG and with global activities in the business areas Performance Polymers and Fine Chemicals / Engineering, the EMS Group reports net sales increased by 11.2% and net operating income up by 9.5% for 2007. This result is in the higher range of the Group’s own expectations.
Consolidated net sales increased by 11.2% to CHF 1,552 million (1,396), the corresponding increase in local currencies is 9.2%. The main area Performance Polymers was expanded further. The very satisfactory course of business was supported by the positive economic situation in the main sales markets Europe and Asia.
Net operating income (EBIT) increased by 9.5% over the previous year to CHF 270 million (247), EBITDA by 8.6% to CHF 324 million (298). Despite higher raw material costs, an increase of 13.7% was achieved in net operating income for the main area Performance Polymers .
Net financial income amounted again to an exceptionally high CHF 64 million (118). (The high net financial income for the previous year was the result of a one-off sale of shares from the LONZA investment).
Net income after taxes amounted to CHF 294 million (308). Earnings per share are CHF 12.14 (12.99).
For the 2007 business year, EMS plans to distribute a dividend of CHF 7.25 per share (8.00) comprising an ordinary gross dividend of CHF 6.00 (5.50) as well as a special gross dividend of CHF 1.25 (2.50). In addition, a share repurchase by way of tradable put options amounting to CHF 300 million is planned.
EMS will continue with the current strategy of consistent concentration on operational growth through speciality products, with specific focus on the main area Performance Polymers.
Despite a more difficult market environment and with the same basis for consolidation, EMS expects net sales and net operating income (EBIT) for 2008 to be slightly above the previous year.
