Outlook for 2018 annual results
The strong business trends of the first half of 2018 continued in the third-quarter period, and the CPH Group expects to report annual results for the 2018 financial year that are a substantial improvement on the prior year.
Perlen, 12 October 2018 – The revenue growth achieved by CPH Group in the first half of 2018 continued to a similar extent in the third-quarter period. Paper prices were maintained, though net sales were dampened by exchange rate trends. The CPH Group saw a positive further development in its operating result.
Provided the economic environment does not weaken and currency rates remain stable in the fourth-quarter period, the CPH Group expects to report net sales growth for the full 2018 business year that is only slightly below the level achieved for the first-half period. EBIT margin for the year is expected to amount to between 9% and 11%. The net result for the year is likely to be more than double its 2017 level, even though – in contrast to last year – hardly any extraordinary income is expected. The Packaging Division is likely to report a new record annual earnings result.
The CPH Group will publish its 2018 annual results on 26 February 2019.
CPH Chemie + Papier Holding AG
Peter Schildknecht, CEO, +41 41 455 8757
Richard Unterhuber, CFO, +41 41 455 8753, email@example.com
Christian Weber, Head of Corporate Communications, +41 41 455 8751, firstname.lastname@example.org