The specialty chemicals group, Ems has continued to the start of the year the positive development of revenue by 2018. From January to March, sales rose by 1.5 percent to 604 million Swiss francs, as it is known in a communication of Friday.
In local currencies, it would have been even plus 2.9 percent. From Reuters surveyed analysts had expected, on average, with a turnover of 575 million Swiss francs. Winning numbers Ems announces for the first quarter.
Ems, it had managed to increase sales despite a significant deterioration in the market environment, said the company in a Communiqué. The global demand for consumer and investment goods have deteriorated, particularly in China and in Europe. And the auto industry, which accounts for around 60 percent of sales, have recorded significant declines.
Expansion in America
But Ems was set at an early stage in an economic downturn: In America, about the sale and development had been considerably expanded. In particular, in the American market, you have realized numerous new business and a stronger market position.
For the entire year 2019 expects the Ems remains unchanged, with net sales and operating profit Ebit at least on prior-year level. You’re going to remain depressed and uncertain economy. In the total year 2018, the Ems had achieved a turnover of 2.3 billion Swiss francs and an Ebit of 620 million Swiss francs.
(oli/sda)
Created: 05.04.2019, 08:12 PM
