Research Dynamics
28
Feb

2020

CPH – FY19 Results

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

22
Jul

2019

CPH – HY2019 Results

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

21
Jun

2019

CPH – Investor Day Update

Diversification: Key to profitable growth

– Chemistry division: Innovation and integration
– Valuation

28
Feb

2019

CPH – FY2018 results

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

15
Oct

2018

CPH – Guidance Update

Growth momentum continues

-FY2018 guidance is in line with our estimates
-Public bond issue increased to CHF 100mn from CHF 85mn
-Valuation and conclusion

17
Sep

2018

CPH – Investor Day Update

On the road to a diversified industrial group

-Packaging division: Multiple growth levers
-Product innovation
-Diversification into growth markets
-Refinancing of CHF 85 mn via bond issue
-Valuation and conclusion

 

24
Jul

2018

CPH – HY2018 Results

Profitability soared on turnaround in the Paper division and strong results in Packaging

-Robust 1H2018 results, with top line growing in double digits
-Increase of full-year guidance
-Valuation and conclusion

 

26
Feb

2018

CPH – FY2017 results

The fruits of execution are coming through

– 2017: Revenue growth across segments
– Internationalization and cost efficiencies, the key to growth
– Chemistry and Packaging divisions to offset Paper underperformance
– Valuation: outperformed the benchmark by a wide margin

 

 

 

23
Jan

2018

CPH – Acquisition Sekoya

CPH strengthens its Packaging Division with Sekoya acquisition

– Sekoya Indústria e Comércio Ltda. will be integrated in CPH’s Packaging Division
–  Valuation and conclusion

3
Nov

2017

CPH – Acquisition Armar AG

CPH strengthens its chemicals’ position

– Armar AG will be integrated in CPH’s Chemistry Division
– 
Valuation and conclusion