Diversification helped tide over adversities
– Sound operating performance amidst a harsh environment
– Segmental performance
– Estimate changes
– Valuation and conclusion
Diversification helped tide over adversities
– Sound operating performance amidst a harsh environment
– Segmental performance
– Estimate changes
– Valuation and conclusion
CPH to merge with Uetikon Industrieholding AG
– Higher free float may aid rerating
– Estimates unchanged
– Valuation and conclusion
Adjustments to FY20 earnings outlook
– CPH Group to benefit from significant one-off effects
– Valuation and conclusion
At the forefront of the sustainability
– Strategy 2020-2024 – Implementation progressing well
– Paper Division well placed to mitigate challenges
– The lynchpin in reducing carbon footprint and sustainable production
– Domestically produced paper essential for sustainability
– Digital media lacks print in sustainability
– Valuation and conclusion
Tapping into growing packaging market
– Perlen Packaging to set-up a film coating plant in Brazil
– Expansion is key to tapping high growth emerging markets like Brazil
– Valuation and conclusion
Navigating a challenging environment
– Muted 1H/20 results, with cautious short-term outlook
– Segmental performance
– Estimate change
– Valuation and conclusion
Resilient performance despite global slowdown
-2019: Unprecedented EBIT margin reflects disciplined execution
-Focus on divisional balancing and expansion of planned activities
-Valuation: significant discount compared to peers
Execution on track despite macroeconomic challenges
– Healthy 1H2019 results, with all time high EBIT margins
– Full-year guidance maintained
– Refinancing to reduce financial burden
– Valuation and conclusion
Diversification: Key to profitable growth
– Chemistry division: Innovation and integration
– Valuation
CPH marks bicentenary with record results
– 2018: Record operating performance across segments
– Integration coupled with cost efficiencies, the key to growth
– Valuation: outperformed the benchmark by a wide margin