EMS Group profit rises in H1 despite weaker sales, stronger franc
EMS Chemie Holding, an EMS Group company, reported a rise in first-half profit to CHF 259 million, up 2.5% year-over-year. Despite a dip in consolidated net sales to 1.01 billion Swiss francs, the company managed to boost profitability through a focus on high-margin specialties and innovation, even in a challenging geopolitical and economic climate.
The EBIT margin improved to 30.6% from 29.1%, while the EBITDA margin climbed to 33.2% from 31.7%. The strong performance was driven by solid new business and a consistent growth strategy. The Swiss franc's strength, caused by shortages in oil and gas supply from the Middle East, also contributed to the improved financial results.
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