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(AWP) The CPH ( CPHN 85.5 0.59% ) The Chemie + Paper Holding Company (CPH) became significantly more competitive than the previous half of 2018 increased. After a loss the previous year, the company makes a profit again. Including the former stationery segment, all sectors of activity contributed to it. In the outlook, CPH announces a significant increase in earnings
CPH has increased its sales in the first half of 2018 by 14% over the previous year to CHF 264.1 million, as announced Friday the group Lucerne Industrial. The operating result (Ebit) has increased more than 20 times to CHF 27.8 million. After a loss of CHF 2.2 million the previous year, CPH again recorded a net profit of CHF 22.6 million in the first half of 2018.
Formative Paper Division
The company explains this significant increase an improved environment in every respect. "Good market conditions, high capacity utilization and stable fixed costs have led to double-digit sales growth and a disproportionate increase in EBIT," explains Peter Schildknecht, CEO of CPH
. The largest CPH division increased its turnover by 15.6% to CHF 148.1 million. But above all, after six semesters of red numbers, the division again made a profit. Ebit stood at 14.8 million francs after a loss of 6 million francs in the same period of the previous year
The paper sector benefited from an increase in paper price, which had previously declined over the years. This is due to capacity reductions in the industry, which has long suffered from overcapacity. Supply and demand are currently in equilibrium thanks to this reduction, according to the communication. In addition, the weakening of the Swiss franc had a positive effect.
The very high-margin packaging sector reached a new record with an EBIT of 9.6 million francs (+ 76%) and sales of 78.7% (+ 20%). demand in the pharmaceutical markets was high and the production capacity of the packaging division was well used, writes the CPH
Sales increase
The division could not match the result from the same period of the previous year chemistry. The turnover fell by nearly 2% to CHF 37.3 million, but the business was more profitable. Ebit increased by 85% to CHF 3.4 million, mainly due to the reverse evolution of the turnover and the operating result related to the discontinuation of certain products and to the the good use of certain factories.
CPH shows its outlook more optimistic than in the spring. The good economic situation should lead to a high capacity utilization in the second half of the year, according to the statement. The new Armar and Yusheng Chemistry, APS Paper and Koya Packaging stores would have a positive impact on sales. According to the CPH, CPH expects this to increase sales and significantly higher revenues compared to the previous year.
You can find the complete CPH history here. «
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